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Former NSB Director Arrested for $7 Million Funds Misappropriation

Story Highlights
  • Boahene allegedly diverted funds meant for cybersecurity into his private account
  • Boahene transferred GH¢27,100,000 from the NSB account to his private account in 2020
  • The contract aimed to strengthen Ghana's defense against cyber threats

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

This disclosure was made during a press briefing on Monday, March 24, where Ayine explained the details surrounding the case. He stated that the arrest stemmed from accusations of financial misconduct involving the misappropriation of public funds designated for the acquisition of cybersecurity infrastructure.

According to Ayine, the contract, valued at $7 million, was intended to bolster Ghana’s capacity to detect and counteract cyber threats, data breaches, and digital espionage.

Despite the project’s significance, the Attorney-General revealed that Boahene used his position to carry out unauthorized financial transfers, channeling funds meant for the cyber defense system into his private account.

“As the Director of the National Signals Bureau, on January 30, 2020, Mr. Adu-Boahene signed an agreement between the Government of Ghana, National Security, and an Israeli company, RLC Holdings Limited. This contract was for a $7 million cyber defense system software. On February 6, 2020, he transferred GH¢27,100,000 from the NSB’s account at Fidelity Bank to a private account at UMB, under the pretext of payment for the software. Official documents show the money was instead transferred to his personal company.”

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