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Adu Boahen, wife & 2 others formally charged over alleged $7m corruption scandal

April 30, 2025
boahene

The Attorney-General and Minister of Justice Dominic Ayine has formally charged former National Signals Bureau (NSB) Director-General Kwabena Adu Boahen and his wife Angela Adjei Boateng over alleged corruption offences.

The offences they have been charged with run into the tune of several millions of cedis.

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The couple with two others, Mildred Donkor and Advantage Solutions Limited, are facing charges of 11 counts of offences, including stealing, money laundering, defrauding by false pretences, and wilfully causing financial loss.

The writ was filed at the High Court on Wednesday, April 30, 2025.

Per the case and details available, Mr Adu-Boahene, who was responsible for overseeing critical national security infrastructure, including contracts with foreign companies, signed a deal with an Israeli company, ISC Holdings Limited, to purchase cyber defence software for $7 million.

In total, Adu-Boahene is alleged to have transferred approximately GHS 49 million (around $7 million) from the NSB’s funds into his personal accounts, falsely justifying these transactions as payments for the cyber defence systems, together with his accomplice.

“Further investigations have revealed that no cybersecurity system of the description in the January 30, 2020, contract was ever received by the Bureau of National Communication or by its successor agency, the National Signals Bureau, or by the Government of Ghana,” court documents revealed.

Additionally, the court document has also disclosed that BNC was created by Adu-Boahen and his wife while he was still the NSB boss, and the company was used for the transaction of the security system purchased from the Israeli firm ISC Holdings Limited.

While an initial payment of GHS 9.5 million (about $1.75 million) was transferred to ISC Holdings, no further payments were made to the company.

Instead, subsequent funds were diverted for personal use, including investments and transfers to unknown parties.

The documents alleged that they “therefore run an elaborate criminal enterprise using A4 (Advantage Solutions Limited) as a holding company through which the stolen funds were funnelled and laundered for their own benefit”.

It also stated that as the holding company of a number of subsidiary companies, including the Private BNC, A4 received a substantial portion of the stolen funds, which were then invested by its shareholders and directors in the business activities of the subsidiaries, including investments in treasury bills, real estate, the manufacturing of fertiliser and rental of luxury cars to VIP customers.

By: Rainbowradioonline.com/Ghana

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