Reports circulating have alleged that the new CEO of the Minerals Income and Investment Fund (MIIF) Justina Nelson has allegedly moved GH¢1.5b around banks, US$10 million dished out to a strange company.
The information reveals the MIIF continues to engage in illegal activities by continuing with investments made during the previous administration.
According to the reports GHC1.5 billion was mysteriously shifted in MIIF accounts at Consolidated, Access, Fidelity & Zenith Banks linked to former employee-turned-CEO Justina Nelson.
Legally, the Controller and Accountant General must approve the opening and transferring of funds but this has not been the case in the ongoing transactions.
Additionally, it has been also claimed that workers at Minerals Income Investment Fund (MIlF) are blowing an alarm on their New Boss after she moved $10 million from the company account to a strange company.
The $10 million was paid to BH Minerals owned by Appiah Yawson tied to NPP and galamsey. Edward Nana Yaw Koranteng the former CEO also made a similar US$10 million payment to BH Minerals.
In the statement, MIIF responded to the allegations, saying, “MIIF wishes to clarify that following the recent transition, the Fund’s financial statements are currently undergoing a comprehensive audit in accordance with established procedures and corporate governance practices. Ghanaians will be fully apprised of the outcome of this audit,”
“Management of the Fund will take all necessary steps to address any irregularities that may be identified during the audit in full compliance with established principles and the laws of Ghana”, the statement added.
Meanwhile, the Office of the Special Prosecutor (OSP) at a press briefing on Wednesday, February 12, 2025, launched an investigation into alleged financial irregularities involving officials of the Minerals Income Investment Fund (MIIF), including its former Chief Executive Officer, Edward Nana Yaw Koranteng.
According to the OSP, the probe is part of a broader effort to uncover potential mismanagement and misconduct within state institutions.
See the post below:
BREAKING: GHC1.5B mysteriously shifted in MIIF accounts at Consolidated, Access, Fidelity & Zenith Banks—linked to former employee-turned-CEO Justina Nelson. Meanwhile, BH Minerals, owned by Appiah Yawson (tied to NPP & galamsey), received US$10M, following an earlier US$10M pic.twitter.com/pYcZYvu4hA
— Ghana Chronicles (@_GhChronicles) February 12, 2025
