Ex-NSB Boss Kwabena Adu-Boahen and Wife Charged with GHc 49m Fraud

Apr 30, 2025 - 19:10
Ex-NSB Boss Kwabena Adu-Boahen and Wife Charged with GHc 49m Fraud

Accra, Ghana - 30 April, 2025 - Ghana's former National Signals Bureau Director-General, Kwabena Adu-Boahen, and his wife, Angela Adjei-Boateng, have been charged with stealing, money laundering, and conspiracy to commit crime by the state.

The couple, along with two others, allegedly misappropriated state funds worth GHc 49.1 million, intended for a cyber defense system contract.

According to investigations, Adu-Boahen signed a $7 million contract with an Israeli company, RLC Holdings Limited, on January 30, 2020, to enhance Ghana's cybersecurity capabilities. However, he allegedly diverted GHc 27.1 million from the National Signals Bureau's account to a private account belonging to BNC, a company allegedly co-owned by the couple.

Authorities claim the funds were laundered through real estate acquisitions in Ghana and abroad. The Economic and Organized Crime Office (EOCO) apprehended Adu-Boahen upon his return from London, and his wife was later detained.

The Attorney-General, Dr. Dominic Ayine, revealed that preliminary investigations indicated the misuse of funds earmarked for the cyber defense initiative.

Source: Lead News Online