
Audio By Carbonatix
An investigator in the alleged cyber software theft case involving former Director-General of the National Signals Bureau (NSB), Kwabena Adu-Boahene, has told the Accra High Court that the NSB never received the cyber defence system for which GH¢49.1 million was spent.
An EOCO staff officer, Frank Marshall Cromwell, who is leading investigations in the case, made the disclosure while being led in evidence by the Deputy Attorney General.
He told the court that on January 30, 2020, Mr Adu-Boahene, acting as Director of the NSB, signed an international contract, purportedly on behalf of the Government of Ghana, with the Israeli firm ISC Holdings Limited for the purchase of a cyber defence system.
According to the investigator, GH¢49.1 million was subsequently transferred from the NSB account to an account belonging to BNC Communications Limited–Operations, ostensibly to pay for the contract.
Investigations, however, revealed that the account belonged to a private company owned and controlled by Mr Adu-Boahene and his wife.
Mr Cromwell said only GH¢9,537,500, equivalent to US$1.75 million, was eventually transferred to ISC Holdings, after which no further payments were made to the company.
He told the court that the remaining funds were allegedly withdrawn and used for personal purposes.
“The Bank records show that from the time the GH¢49.1 million was lodged into BNC Communications Bureau-Operations Bank account, A1 on February 6, 2020, made a bank transfer of the sum of GH¢9,537,500, equivalent to $1,750,000 to ISC Holdings.
"No further payments were made to ISC Holdings from this account. A1 then went on a spending spree, making substantial cash withdrawals from the account for personal purposes.
"This continued until the account was depleted, after which he instructed the Bank to close the account and transfer any remaining funds to A4, a company of his.”
The investigator further stated that despite the transfer and expenditure of the GH¢49.1 million, the cyber defence system was never supplied to the NSB.
“Our investigation established that ISC Holdings Limited did not deliver the cyber defence system to the NSB, and that NSB does not have the cyber defence system in its inventory.”
Mr Adu-Boahene, his wife Angela Boateng, and Advantage Solutions Limited (ASL) are standing trial over allegations that they misappropriated GH¢49 million earmarked for the acquisition of government cybersecurity software.
Prosecutors allege the funds were channelled through a network of companies before ending up in ASL and were later used to acquire properties in Accra, Kumasi and London.
Latest Stories
-
Japan quintuples visa fees in first price hike since 1978
4 minutes -
ICAG: Reflections from the 2026 Accountants Conference
4 minutes -
Full text: Prime Minister Keir Starmer’s resignation speech
7 minutes -
WPRD Festival 2026: African storytelling opportunities on football’s biggest stage
14 minutes -
Governance expert urges state takeover of Tarkwa Mine after Gold Fields lease expires in 2027
18 minutes -
Kristo Asafo family rejects Akofena leadership claim, says Adwoa Safo is the rightful heir
19 minutes -
GCB Capital supports men’s mental health with medical equipment donation to Accra Psychiatric Hospital
20 minutes -
Man in critical condition after suspected hit-and-run on Nkwanta–Kpassa road
30 minutes -
Another accident at Ho Civic Centre claims 2 lives
31 minutes -
Education Ministry to hold national conference on rising indiscipline in Senior High Schools
31 minutes -
‘Account was opened solely to divert GH¢49.1m’ – EOCO witness in Adu-Boahene trial
32 minutes -
“How you bank will define you”: Prudential Bank charts hybrid future led by experience, not identity
34 minutes -
Accra High Court grants bail to Shatta Wale supporter on trial for false news against Stonebwoy
40 minutes -
What Is Wrong with Us: We keep waiting for governments to deliver prosperity while ignoring the citizens who sustain it
43 minutes -
Your Retention Problem Isn’t About Pay – It’s About Progress
56 minutes