A shocking revelation has emerged in the ongoing investigation into the activities of former Director-General of the National Signals Bureau (NSB), Kwabena Adu Boahene.
According to reports, Adu Boahene has acquired multiple luxury properties in Accra, valued at millions of dollars, using funds allegedly diverted from government contracts.
The Economic and Organised Crime Office (EOCO) has uncovered evidence that Adu Boahene and his associates orchestrated excess payments under the guise of government contracts, redirecting over GHS 39.4 million ($5.6 million) for personal use.
“Out of the GHC 49,000,000 which was transferred from National Security to the suspect’s private BNC account, about 99% was withdrawn by him. They were large withdrawals,” EOCO revealed.
Addressing a press conference in Accra, the Attorney-General and Minister for Justice, Dominic Akuritinga Ayine, warned banks against facilitating any further transactions related to the case, emphasizing that financial institutions and individuals involved will face prosecution.
“We are still tracking suspect Kwabena Adu-Boahene’s assets but will include them in the next few days and file charges against him and the other suspects,” Ayine stated.
The investigation has linked Adu Boahene to multiple properties in Accra’s upscale neighborhoods.
Some of the properties include: “No. 2 Stream Part Drive, valued at $1 million (GHS 15 million), No. 6 Edith Avenue, purchased with an initial cash deposit of $500,000, No. 7 Edith Avenue, acquired for $200,000,” EOCO listed.
Other properties linked to Adu Boahene are: “No. 8 Edith Avenue, valued at $97,815, No. 9 Edith Avenue, valued at $270,000, No. 10 Edith Avenue, valued at $150,000, 27 houses at Vertex 27, each valued at $295,000,” the investigation revealed.
EOCO also discovered that Adu Boahene and his wife registered approximately ten companies under Advantage Solutions Limited, a corporate entity allegedly used to cover up illicit transactions.
“We are still investigating, and the list of assets will be updated,” EOCO stated.
The case has also raised concerns about the lack of transparency and accountability in government contracts and the need for stronger measures to prevent corruption.
-BY Daniel Bampoe
