The Attorney-General and Minister of Justice, Dr Dominic Ayine, has warned banks and financial institutions not to facilitate any transactions involving the assets or funds of the former Director-General of the National Signals Bureau (NSB), Mr Kwabena Adu Boahen, and his wife, Madam Angela Adjei-Boateng.
He noted that the Financial Intelligence Centre (FIC) is actively tracking bank accounts linked to Kwabena Adu Boahene and his wife. He warned that any bank that fails to comply with this directive would see its managers held liable.
At a press conference in Accra on Monday, Dr Ayine disclosed that investigations point to former NSB Director Kwabena Adu Boahene allegedly misappropriating $7 million from the government contracts to acquire several high-value properties in Accra.
He stated that the EOCO investigation suggests that Boahene and his associates orchestrated excess payments under the guise of government contracts, redirecting over GHS 39.4 million ($5.6 million) for personal use. The probe has linked him to multiple upscale properties in Mayfair Estates in Accra, including No. 2 Stream Part Drive; A property valued at $1 million (GHS 15 million) No. 6 Edith Avenue; Purchased with an initial cash deposit of $500,000, part of a deal involving five houses, and No. 7 Edith Avenue; Acquired for $200,000.
Dr Ayine further disclosed that authorities had traced substantial amounts of money linked to suspected illicit transactions from Advantage Solutions Limited and BNC Communications Bureau Limited.
Investigations have also established that money, mostly proceeds of crime from Advantage Solutions Limited and BNC Communications Bureau Limited and other similar sources, have been transmitted under very suspicious circumstances through the bank accounts of these companies, he noted.
The Attorney-General further disclosed that investigations had uncovered at least ten companies linked to Mr Adu Boahen and his wife, all of which were allegedly under the control of Advantage Solutions.
For purposes of the investigations that are ongoing, we are not going to disclose those companies, he added.
Dr Ayine warned executives, directors, and employees of these companies not to move assets, stating that doing so would result in their arrest and prosecution.
He noted the massive wealth he accumulated and added that he may have purchased another citizenship. His wife’s British passport is in the possession of EOCO.
According to investigators, Mr Adu Boahen possesses two service passports, while the Economic and Organised Crime Office (EOCO) is tracking intelligence suggesting he may also have a foreign passport.
He noted the Ministry was monitoring their activities and bank accounts through the Financial Intelligence Centre. With a press of a button, we can track any movement of money.
The former NSB Director-General was arrested by EOCO officials upon arrival at Kotoka International Airport on Thursday, 20th March 2025.
Patience Anaadem, ISD
