A bank manager has narrated how one of his customers was defrauded of a sum of GHc500,000 during a business transaction.

According to him, the victim had gone to trade some raw cashew nuts and was supposed to be paid GHc500,000 for the goods.

In a Facebook post, Christian Tachie-Djan said the money was counted in front of the man, only for him to later realise that he had been defrauded.

In a photo that was shared in relation to the story, it appears the fraudsters swapped the money with papers on the bind side of the victim.

He wrote: “Fraud Alert!!!nA customer of mine received this among others in a Ghana must go bag for payment of GH?500,000 for goods (Raw Cashew Nut) picked up from him and he was coming to pay it into his account.

"He said he was counting the money with them but is so bemused to really tell whether it was swapped with another bag or African magic made the money turn this way.

"Let us all be cautious.”