Kwabena Adu-Boahene, wife diverted $7 million of public funds — Attorney General

Attorney General and Minister of Justice, Dominic Ayine, has disclosed that the immediate past Director-General of the National Signals Bureau (NSB), Kwabena Adu-Boahene and his wife, Angela Adjei-Boateng, allegedly diverted $7 million in public funds through fraudulent transactions.

At a press briefing in Accra on Monday, March 24, Mr. Ayine detailed how the couple used a private company, BNC Communications Bureau, to misappropriate funds meant for a cyber defense system contract between the Government of Ghana and an Israeli company, ISC Holdings.

He revealed that Mr. Adu-Boahene, while serving as Director General of NSB, transferred 49 million Ghana cedis which at the time, was equivalent to $7 million, from a National Security account to a company he co-owns with his wife.

“After transferring the money to their private company’s account, only $1.75 million was paid to ISC Holdings for the software. The remaining amount, approximately 39.5 million cedis, was used for personal gains, including real estate purchases,” the Attorney General said.

Mr. Ayine further stated that investigators have identified several properties allegedly acquired with the diverted funds, including luxury homes Mayfair Estate in Accra.

The Attorney General further warned that anyone involved in facilitating the couple’s financial transactions after their arrest would be prosecuted.

The Economic and Organised Crime Office (EOCO) led the investigation, which resulted in the arrests of Kwabena Adu-Boahene who was returning from abroad on March 21, and later his wife, Angela Adjei-Boateng.