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Home Latest News

Former NSB boss, Kwabena Adu-Boahene embezzled GH¢39 million – A-G discloses

Jerry Tsatro Mordy by Jerry Tsatro Mordy
March 24, 2025
in Latest News, Features, Politics, Top Story
Reading Time: 1 min read
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Kwabena Adu-Boahene

Mr Kwabena Adu-Boahene allegedly transferred millions of cedis into accounts linked to his private company

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The Attorney-General and Minister for Justice, Dr. Dominic Akuritinga Ayine, has stated that the immediate past Director-General of the National Signals Bureau (NSB), is under investigation for allegedly embezzling GH¢39 million from the Bureau’s funds.

Speaking at a press conference on Monday, March 24, 2025, Dr. Ayine stated that a significant portion of the misappropriated funds was transferred into bank accounts belonging to Adu-Boahene and his wife.

Authorities are now conducting a detailed investigation into their financial dealings and assets, he announced Ata news conference.

“In one transaction alone, over GH¢39 million was moved into accounts held by Mr. Adu-Boahene and his wife. We are thoroughly tracking their transactions and assets to prepare and file appropriate charges against him,” Dr. Ayine said.

The Attorney-General further revealed that Adu-Boahene has been arrested in connection with the alleged diversion of public funds meant for the procurement of a cybersecurity defense system.

“As Director of the NSB, Mr. Adu-Boahene signed a contract on January 30, 2020, with an Israeli company, RLC Holdings Limited, to acquire cybersecurity software valued at $7 million on behalf of the Government of Ghana,” he disclosed.

He further noted that few days after signing the deal, Adu-Boahene transferred GH¢27.1 million from the NSB’s account at Fidelity Bank into a private BNC account at UMB Bank, which was linked to his own company’s account.

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Tags: CorruptionKwabena Adu-BoaheneNational Signals Board
Jerry Tsatro Mordy

Jerry Tsatro Mordy

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