Shatta's Associate Kofi Boat Reportedly Arrested, Faces Extradition for Alleged $100 Million Fraud

• Shatta Wale's associate, Kofi Boat, was reportedly arrested in a joint operation between Interpol and the FBI on Friday, June 13, 2025
• The businessman and two others, were being pursued for their alleged involvement in a $100 million fraud scheme
• Kofi Boat and the other suspects are reportedly set to be extradited to the US to face a court for their alleged crimes

Isaac Kofi Oduro Boateng, popularly known as Kofi Boat, a Ghanaian businessman and associate of dancehall musician Shatta Wale, has reportedly been arrested in a joint operation between Interpol and the US Federal Bureau of Investigation (FBI).

According to reports, the socialite and two other individuals were apprehended by the international law enforcement agencies on Friday, June 13, 2025, in connection with a $100 million fraud scheme involving the Business Email Compromise (BEC) and romance scams.

Another unnamed suspect reportedly escaped arrest and is currently on the run from Interpol and the US Federal Bureau of Investigation (FBI).

Kofi Boat, who is alleged to be the ringleader of the group, and the two suspects reportedly appeared before a Magistrate court on Monday, June 16, 2025, and were remanded in police custody as investigations continued.

The alleged suspects are also facing extradition to the United States of America (USA) after the State Department issued a request through the US Embassy in Accra, following an indictment by a district court for the Southern District of New York.

The alleged enterprise, which operated between 2016 and 2023, has reportedly been charged with conspiracy to commit wire fraud and money laundering.

Prosecutors in the US allege that the syndicate targeted individuals and companies as part of their fraudulent activities. They allegedly impersonated company officials and used spoofed email accounts to deceive their victims into authorising wire transfers.

Kofi Boat and his accomplices also allegedly perpetrated romance scams, where they targeted elderly US citizens through dating platforms, texts, and emails and deceived them into sending large sums of money.

They also used the promise of business opportunities to lure unsuspecting victims into wiring about $100 million to them under false pretences.

On June 13, 2024, the US Embassy reportedly made a request to the Ministry of Foreign Affairs in Ghana for the alleged fraudsters' provisional arrest, with the Minister of Interior, Honourable Alhaji Mohammed Mubarak Muntaka, signing an arrest warrant to authorise their detentions on March 18, 2025.

Check out the social media post below:

FBI charges against Kofi Boat's gang

The May 2023 indictment reportedly brings five federal charges against the defendants: Conspiracy to Commit Wire Fraud, Wire Fraud, Conspiracy to Commit Money Laundering, Conspiracy to Receive Stolen Money, and Receipt of Stolen Money.

The document reveals the group's operational methods, showing how stolen funds – dubbed "clean money" by the criminals because victims were deceived into making voluntary transfers – were routed through US-based accomplices who ran shell companies.

These American intermediaries allegedly took their cut before laundering the balance to the syndicate's West African leadership and other network members.

Reactions to Kofi Boat's alleged arrest

YEN.com.gh has gathered some comments from social media users below:

mijay2021 commented:

"Eeeeii, Don't envy anyone. The way this Kofi Boat lives large, errr 😢. Hmmmmm. I pray all his properties aren't in his name, too. Eeeii Joyce kafra wae, I hope his wife is also innocent because the way these people spend errr 😢."

thebaabacann said:

Freedom is super sweet ooooooh😂😂😂😂😂😂 I'm here early morning thinking of eating soft Akple with fine hot 🌶 pepper against juicy grilled tilapia now that my kids are gone to school❤️ FBI dey grab people 🤣🤣🤣🤣 I dey my lane ooooh, learn to be content with what u have la......

mr_classicman_7 commented:

"They always get sick or collapse when they are caught, including politicians, but have a loud mouth when their crimes are never found out."

Other Ghanaians arrested over fraud

Many people have been arrested for fraud in Ghana and abroad, and were widely reported by YEN.com.gh. A major case involved 487 people arrested in Adwuman, near Kenyasi, involved with the QNET Ponzi scheme. The group of 487 consisted of 257 females and 230 males, with 12 being described as direct agents of the fraudulent network.

In the U.S, 6 Ghanaians, Farouk Appiedu and Fred Asante, were among them were arrested for the laundering of over $50 million through romance scams, business email compromises, and COVID-19 relief fraud. Likewise, another Ghanaian, Kenneth Anim, was charged with romance scams through a $5 million mail fraud scheme.

In Ghana, one high-profile arrest was Joseph Agemba, who was arrested in 2024 for portraying to be a National Security officer and defrauding 46 individuals out of more than GH₵ 1 million, in fake security jobs, vehicles, and visas. Another notable case was Dzam Abotsi and Nana Kwame Yanka, who were arrested for defrauding an American man of $1.2 million associated with a fake shipping container scheme involving West African shipping.

In the U.S, Kelvin Nkwantabisa and Justice Amonh were charged with a $7 million business email wire fraud scheme. Overall, these arrests represent a greater trend of the magnitude of fraud associated with both domestic and international actors affiliated with Ghana.

Dada Joe Remix reportedly set for extradition

Earlier, YEN.com.gh reported that Dada Joe Remix was reportedly set to be extradited to the US after being arrested by the FBI.

Reports indicated that a Ghanaian court was set to give a ruling to help the authorities finalise the extradition process.

Dada Joe Remix was arrested on May 28, 2025, for his alleged involvement in some financial crimes against US citizens.

Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.

Source: YEN.com.gh