All banks and financial institutions who deal with Kwabena Adu Boahen, the former Director-General of the National Signals Bureau (NSB), have received a strong warning from Attorney-General and Minister of Justice Dr. Dominic Ayine not to help shift his assets or money.
The Financial Intelligence Centre (FIC) is constantly monitoring bank accounts connected to Mr. Adu Boahen and his wife as part of continuing investigations into potential financial malfeasance, Dr. Ayine disclosed during a news conference in Accra on Monday, March 24, 2025.
“All banks are also cautioned that the Bank Managers and all of their employees who are involved in those transfers will be equally arrested if we see any wire transfers or cash withdrawals on any of the accounts belonging to Mr. Adu Boahen and his companies,” the Attorney General said. He identified three institutions that were involved in significant financial transactions with the couple: Fidelity Bank, UMB, and Stanbic Bank.
He said that if any financial institution disregarded this instruction, their leaders and staff would face legal repercussions.
Dr. Ayine said that large sums of money connected to alleged illegal activities from Advantage Solutions Limited and BNC Communications Bureau Limited had been tracked down by authorities.
Through the bank accounts of Advantage Solutions Limited, BNC Communications Bureau Limited, and other similar sources, he disclosed, “investigations have also established that money, primarily proceeds of crime, have been transmitted under very suspicious circumstances.”
The Attorney-General added that at least eleven businesses connected to Mr. Adu Boahen and his spouse had been found during investigations, all of which were purportedly controlled by Advantage Solutions.
“We are not going to disclose those companies for the purposes of the ongoing investigations,” he continued.
“If they make movement of assets, we will track and arrest them and prosecute them,” he added, warning executives and staff of these firms against trying to move any assets.
Concerns over a possible escape route were raised by Dr. Ayine’s suggestion that Mr. Adu Boahen may have obtained foreign citizenship by using his collected fortune.
He may have bought another citizenship with the enormous money he has amassed. “EOCO is in possession of his wife’s British passport,” the Attorney-General said.
Investigators claim that Mr. Adu Boahen has two service passports, and the Economic and Organized Crime Office (EOCO) is monitoring information that points to the possibility that he also holds a foreign passport.
Kotoka International Airport Arrest
When the former NSB Director-General arrived at Kotoka International Airport on Thursday, March 20, 2025, EOCO personnel took him into custody. He had taken a British Airways aircraft in from London Heathrow at around 8:30 p.m.
At the airport’s immigration checkpoint, Mr. Adu Boahen was stopped and told that his name was on EOCO’s stop list, according to Minority Leader Alexander Afenyo-Markin. He was then placed under arrest.
Afenyo-Markin vehemently denounced the arrest in a post on X (previously Twitter), describing it as “an act of political persecution under the current administration” and cautioning that such measures “set a dangerous precedent and undermine the democratic principles of justice and fairness.”
As investigations continue, the issue has generated a great deal of discussion about political accountability, governance, and corruption in Ghana. All eyes will be on the Attorney-General’s office’s response to this well-publicized financial crisis as the judicial processes progress.
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