Adu-Boahene Arrested for Diverting $7M into Private Accounts – Ayine

The Attorney-General and Minister of Justice, Dominic Ayine, revealed that Kwabena Adu Boahene, the former Director-General of the National Signals Bureau (NSB), was arrested in connection with a controversial $7 million cyber defense system contract, which he allegedly diverted into his personal account.

The disclosure was made during a press conference on Monday, March 24, where the Attorney-General provided details about the case.

Mr. Ayine explained that the arrest was related to allegations of financial misconduct involving the misallocation of public funds intended for the procurement of cybersecurity infrastructure.

The contract, valued at $7 million, aimed to enhance Ghana’s capabilities in detecting, preventing, and responding to cyber threats, data breaches, and digital espionage.

Despite the strategic importance of the project, the Attorney-General revealed that Kwabena Adu Boahene engaged in unauthorized financial transactions, diverting funds intended for the cyber defense system.

“In his role as Director of the National Signals Bureau, Mr. Adu-Boahene signed a contract on January 30, 2020, on behalf of the Government of Ghana and National Security, with an Israeli company, RLC Holdings Limited. The contract was for the purchase of a cyber defense system software, valued at $7 million.

“However, on February 6, 2020, he transferred an initial sum of GH¢27,100,000 from the National Signals Bureau’s account at Fidelity Bank to a private BNC account at UMB. Official documents related to the transfer show that the funds were meant for the payment of the cyber defense software, but instead, he diverted the money to his private company.”

Despite the strategic importance of the project, the Attorney-General revealed that Kwabena Adu Boahene engaged in unauthorized financial transactions, diverting funds intended for the cyber defense system.

“In his role as Director of the National Signals Bureau, Mr. Adu-Boahene signed a contract on January 30, 2020, on behalf of the Government of Ghana and National Security, with an Israeli company, RLC Holdings Limited. The contract was for the purchase of a cyber defense system software, valued at $7 million.

“However, on February 6, 2020, he transferred an initial sum of GH¢27,100,000 from the National Signals Bureau’s account at Fidelity Bank to a private BNC account at UMB. Official documents related to the transfer show that the funds were meant for the payment of the cyber defense software, but instead, he diverted the money to his private company.”

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