A 70-year-old man has lost GHS 50,000 to a fraudster online. The scammer posed as a distant relative to gain the victim's trust.

The fraudster persuaded the elderly man to send money for an urgent investment opportunity. This tactic is known as a Trojan horse scam.

The victim has reported the incident to the Ghana Police Service. Authorities are looking into the matter.

Investigations are underway to identify and apprehend the suspect. The police urge the public to be cautious of unsolicited investment offers online.