The Attorney General, Dr. Dominic Ayine, has revealed explosive details about a major cyber fraud case involving former National Signals Bureau (NSB) Director General Kwabena Adu Boahene and his wife, Angela Adjei Boateng.
The couple is accused of orchestrating a financial scam linked to the procurement of cyber intelligence equipment for the NSB, formerly known as the Bureau of National Communications (BNC).
On March 20, 2025, Adu Boahene and his wife were arrested following an extensive probe into fraudulent financial transactions involving multiple companies under their control.
“…EOCO’s operational team led by the Acting Deputy Executive Director in Charge of Operations assessed its operational plan to include the possibility that a suspect could have traveled back to London to fly to Ghana in an attempt to evade surveillance.
“EOCO assessed with high confidence that the changes made by the suspect, I mean, in terms of arrival date in Ghana may have been calculated steps to mislead investigators and throw them off any possible surveillance.”
Dr. Dominic Ayine
Dr. Ayine disclosed that intelligence from the Economic and Organized Crime Office (EOCO) revealed that the couple used these entities to siphon millions in state funds.
According to the Attorney General, Adu Boahene was intercepted at the airport while attempting to re-enter Ghana under an altered identity to evade arrest.
Meanwhile, Dr. Ayine revealed that EOCO had been monitoring his movements following his departure from Ghana to the United Kingdom and subsequent travel to Dubai.
Illicit Wealth and Stolen Funds
Furthermore, investigators found that while serving as NSB Director General, Adu Boahene and his wife registered a private company, BNC on October 23, 2018—closely mimicking the government agency’s name.
This entity, which the Attorney General refers to as Private BNC, was allegedly central to their fraudulent scheme.
“Between March 18 and March 30, 2020, Adu Boahene authorized the transfer of GH₵49 million from the NSB’s Fidelity Bank account to Private BNC’s Universal Merchant Bank (UMB) account.
“The funds were supposedly meant to purchase cyber defense software from Israeli firm ISC Holdings Limited”
Dr. Dominic Ayine
Investigations uncovered that while GH₵9.5 million was legitimately transferred to ISC Holdings, a staggering GH₵39.46 million was misappropriated for personal gain.
The Attorney General disclosed that Adu Boahene had fraudulently attached a forged Government of Ghana contract and a falsified invoice from ISC Holdings to justify the transaction.
Dr. Ayine further elaborated on how the misappropriated funds were funneled into high-value real estate acquisitions both in Ghana and abroad.
In Accra’s Mayfair Estates, a $1 million deposit was made for one property, while an additional $500,000 was paid for another.
In London, two properties are currently under investigation for their possible links to the diverted funds.
Additionally, multiple homes in Oyarifa, under Vertex Properties, were purchased, each valued at $295,000.
Additionally, EOCO’s investigation exposed several bank accounts at UMB, Fidelity Bank, and Stanbic Bank that were used to facilitate illicit financial transactions.
Dr. Ayine assured that the Financial Intelligence Center was closely monitoring these accounts to prevent any further unauthorized withdrawals.
Banks Warned Against Processing Fraudulent Transactions
Attorney General Dr. Dominic Ayine issued a firm directive to financial institutions, warning them against processing any transactions associated with Adu Boahene or his affiliated companies.
He emphasized that any bank found facilitating such withdrawals would face swift and severe legal repercussions.
Additionally, Dr. Ayine raised concerns that Adu Boahene may have used funds obtained through fraudulent means to acquire foreign citizenship, potentially complicating efforts to hold him accountable under Ghanaian law.
“EOCO is currently tracking about ten shell companies tied to him and his wife to uncover additional illicit transactions.
“We have all the evidence, including bank records, receipts, and property purchase agreements. No one will escape accountability.”
Dr. Dominic Ayine
The government is finalizing plans to formally press criminal charges against Adu Boahene, his wife, and other individuals implicated in the fraudulent scheme.
While some suspects may choose to cooperate with authorities and turn state witnesses, Attorney General Dr. Dominic Ayine made it clear that those who refuse to assist in the investigation will be fully prosecuted.
This case forms a critical part of the government’s intensified anti-corruption drive, aimed at holding wrongdoers accountable and recovering misappropriated public funds.
Accordingly, officials must remain resolute in their efforts to dismantle corrupt networks and restore public trust in financial governance.
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