Business News of Monday, 24 March 2025

Source: www.ghanaweb.com

Former NSB boss Kwabena Adu-Boahene accused of diverting GH¢39 million – Attorney General

Kwabena Adu-Boahene is a former Director-General of the National Signals Bureau play videoKwabena Adu-Boahene is a former Director-General of the National Signals Bureau

The Attorney General and Minister of Justice, Dr. Dominic Ayine, has disclosed that the immediate past Director of the National Signals Bureau (NSB), Kwabena Adu-Boahene, allegedly diverted and embezzled up to GH¢39 million from the agency.

Speaking at a press conference on Monday, March 24, 2025, the Attorney General outlined the findings of an ongoing investigation into financial irregularities at the NSB.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction," the Attorney General said.

"We are still tracking suspect Adu-Boahene, his wife, and their assets. In the coming days, we will file the necessary charges against them," he stated.

According to the Attorney General, Kwabena Adu Boahene, the former Director-General of the National Signals Bureau (NSB) has since been arrested in connection with the alleged diversion of public funds meant for a cybersecurity defense system.

“In his capacity as Director of the National Signals Bureau, Mr. Adu-Boahene on January 30, 2020, signed a contract on behalf of the Government of Ghana and the National Security on one hand and on the other hand, an Israeli company named RLC Holdings Limited. The contract was for the purchase of a cyber defense system software at a price of $7 million,” the Attorney General said.

Providing further details, Dr. Ayine disclosed that just days after signing the agreement, Adu Boahene initiated a suspicious transaction.

“On February 6, 2020, he then transferred an initial amount of GH¢27,100,000 from the National Signals Bureau account at Fidelity Bank to a private BNC account at UMB. Official documentation on the transfer reveals that the amount was for the payment of cyber defense system software. He transferred the money to his private company,” he told the media.

According to Dr. Ayine, investigations further uncovered that the former NSB boss allegedly funneled the funds not only into his personal account but also into accounts belonging to his wife.

The Attorney General, however, assured the public that legal proceedings would follow in due course.



MA

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