Adu Boahene accused of failing to declare assets in GHS49m Cyber fraud case

Kwabena Adu Boahene, the former Director-General of Ghana’s National Signals Bureau and the lead accused in a high-profile criminal case involving over GHS 49 million in alleged stolen state funds, failed to declare his assets as required by law, according to state prosecutors.

This revelation emerged during a case management conference held on Monday, June 9, 2025, as part of ongoing legal proceedings against four accused individuals.

The accused include Adu Boahene; his wife, Angela Adjei-Boateng; an associate, Mildred Donkor; and their jointly owned company, Advantage Solutions. They face multiple charges, including stealing, money laundering, and causing financial loss to the state. The funds at the centre of the case were earmarked for the procurement of cybersecurity equipment for the state.

Prosecution Unveils Web of Evidence

At the conference, Deputy Attorney General Dr. Justice Srem-Sai, who is leading the prosecution, disclosed that investigators have traced a complex financial trail through numerous companies and bank accounts allegedly used to divert public funds for personal use.

Among the prosecution’s key allegations is that Adu Boahene, despite holding public office, failed to file his mandatory asset declaration. Dr. Srem-Sai told the court that when the state requested a copy of his declaration, the relevant authorities confirmed that none had been submitted.

The prosecution presented 85 documents as part of its evidence, filed with the court on June 2. These include:

• Corporate records (Index G): Linking Advantage Solutions to a private company called BNC, allegedly used to funnel state money. Adu Boahene is named as the beneficial owner.

• Bank statements (Index J): From two companies that investigators say received state funds and had no other significant income sources.

• Caution statements (Indexes K, L, M): Provided by Adu Boahene, Angela Adjei-Boateng, and Mildred Donkor during police interrogations.

• Property documents (Index Q) and photos (Index P): Showing the purchase of five luxury homes at Mayfair Estate, allegedly acquired using stolen funds.

• Freezing orders (Index N): On assets believed to be connected to the offences.

A central piece of the prosecution’s case is a financial flow chart referred to as “Chart One.” This document reportedly maps the movement of public funds from government accounts through shell companies and into assets such as real estate and vehicles. The chart includes transaction dates, recipient names, and specific amounts.

Vehicles Linked to International Theft

One of the implicated companies, Enterprise Dreams Limited, is said to have been used to rent and acquire vehicles. Some of these vehicles are suspected of having been stolen from Canada and the United States. Prosecutors say these vehicles will be presented as evidence during the trial.

Next Steps in Court

In response to a request from the prosecution, the court granted permission for the state to submit further disclosures related to Adu Boahene’s missing asset declaration. The defence was also given additional time to request any further evidence deemed necessary.

The case has been adjourned to Wednesday, June 26, 2025, for another case management session from 2 p.m. to 4 p.m., as preparations continue for what is expected to be a high-stakes trial.