After being appointed Director of the National Signals Bureau (NSB) in 2018, Kwabena Adu Boahene has taken advantage of his position to gain significant wealth.
The politician’s wealth can be tracked as being invested in prime real estate in the capital.
Unfortunately for him, investigations by the Economic and Organised Crime Office (EOCO) suggest these acquisitions were funded through fraudulent financial transactions linked to a $7 million government contract scandal.
Boahene was arrested at Kotoka International Airport upon his return from London, following revelations by Attorney General Dr. Dominic Ayine on Monday, March 24, that millions intended for a cyber defense system had been funneled into private accounts instead.
According to EOCO, 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.
EOCO’s investigation has linked Boahene to multiple properties in Accra’s upscale Mayfair Estates, 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.
- No. 7 Edith Avenue – Acquired for $200,000
