The Attorney General and Minister of Justice Dominic Ayine has issued a strong warning to banks and bankers to desist from moving assets belonging to Kwabena Adu-Boahene, the former Director-General of the National Signals Bureau (NSB).
He said the warning also applies to directors of companies that are owned by the suspect and his wife.
Adu-Boahen was arrested in connection with his alleged involvement in financial misconduct relating to a $7 million cyber defence system contract.
He disclosed this at a press briefing on Monday, March 24, 2025, while providing details on the circumstances surrounding the case and other corruption and corruption-related offences.
The justice minister posited that the former appointee was arrested for allegedly misappropriating public funds earmarked for the procurement of cybersecurity infrastructure.
The minister said that the contract was valued at $7 million and was intended to bolster Ghana’s capacity to detect, prevent, and respond to cyber threats, data breaches, and digital espionage.
Providing an update on the issue to journalists, he said any banker or director who will assist the suspect in moving these assets would be arrested and prosecuted.
In his role as Director of the NSB, Adu-Boahene signed the contract on 30th January 2020 on behalf of both the government of Ghana and the National Security Ministry, the minister alleged.
He disclosed that on 6th February 2020, just days after signing the contract, he allegedly transferred an initial sum of GH¢27.1 million from the National Signals Bureau’s Fidelity Bank account to a UMB private account of BNC, the private firm he set up with his wife.
The minister issuing the warning said, ’The investigations have revealed so far that the suspect and his wife have registered, which we are currently tracking. We are tracking these companies, and there are about ten of them that they created… For purposes of the investigations ongoing, we are not going to disclose those companies. But I want to warn any executive, director or employee of each of the companies who know that Mr. Adu-Boahen has been arrested; if they make movement of assets, we will track and arrest them and prosecute them.
So, they are all warned. All banks are also warned that if we see any wild transfers or cash withdrawals on any of the accounts belonging to Mr Adu-Boahen and his companies, the bank managers and all their employees who are involved in those transfers would equally be arrested.’’
He stated that the authorities are monitoring activities from the Ghana Intelligence Centre, and any such transfers would be detected.
By: Rainbowradioonline.com/Ghana
