Over 33 Houses, Cash and Properties Identified Amidst Asset Declaration Bombshell
The net is closing in on disgraced ex-spy chief Kwabena Adu-Boahene, already facing a massive Ghc49 million state funds rip-off
The New Republic can reveal the former National Signals Bureau (NSB) bigwig was CAUGHT RED-HANDED failing to declare his mountain of assets.
Prosecutors dropped a bombshell yesterday, unveiling how Adu-Boahene seemingly ignored a crucial law requiring public officers to declare their wealth.
If successful, this shock move could see all his fancy properties and hidden millions SEIZED BY THE STATE, whether he’s found guilty of the theft or not. You heard it here first
It emerged during a fiery court showdown on Wednesday, June 11, 2025, that Adu-Boahene, who held a top public office, has NO RECORD of ever filing his asset declarations with the Auditor General’s Office.
This is a HUGE blunder, as Article 286 of the 1992 Constitution clearly states public officers MUST declare their assets and liabilities. Failure to do so? A breach of the Constitution.
Deputy Minister for Justice, Dr. Justice Srem-Sai, leading the prosecution, was on fire, telling the court they asked for Adu-Boahene’s forms… and were told NONE EXISTED
This latest twist comes as prosecutors laid out their mountain of evidence for the upcoming trial. They’ve uncovered a tangled web of companies and bank accounts allegedly used by Adu-Boahene and his cronies to siphon off a staggering GhC49 million meant for vital cybersecurity software
Legal eagle Oliver Barker-Vormawor, a top social commentator, summed it up perfectly, tweeting today: “This Deputy Attorney General, he is bad paa. He has set out a constitutional basis to seize all Adu Boahene’s assets, whether or not he is convicted. Unaccountable asset things. Bad man. The man is cooking”
Adu-Boahene isn’t alone in the dock. His wife, Angela Adjei-Boateng, and Mildred Donkor, along with Advantage Solutions – a company they jointly own – are all facing a string of serious charges, including stealing, causing financial loss to the state, and money laundering.
The millions were meant for an Israeli firm, ISC Holding, but allegedly ended up in the pockets of Adu-Boahene and his gang
This latest development adds immense pressure to Adu-Boahene, who is the first appointee of former President Akufo-Addo to face such severe charges.
He stands accused alongside his wife, Angela Adjei-Boateng, Mildred Donkor, and Advantage Solutions – a company jointly owned by the couple. The charges include stealing, causing financial loss to the state, and money laundering, all stemming from GHc49 million allocated for cybersecurity software from Israeli firm, ISC Holding.
Prosecutors presented a mountain of documentary evidence, including:
Corporate Records (Index G): Linking Advantage Solutions to a private company, BNC, allegedly used to channel funds, with Adu-Boahene identified as the beneficial owner.
Bank Statements (Index J): From two companies, showing the public money as their only significant source of income.
*Caution Statements (Indexes K, L, M): From all three individual accused persons during police investigation.
Real Estate Documents (Index Q & P): Confirming the purchase of five luxury properties in Mayfair Estate believed to have been acquired with state funds, complete with photographs.
* Freezing Orders (Index N): On assets suspected to be linked to the alleged crime.
A detailed financial flow chart (Chart One) was also presented, illustrating how the missing funds were allegedly diverted from government accounts into private companies and then used to acquire real estate, vehicles, and other assets.
The chart meticulously outlines transaction dates, recipients, and amounts, painting a comprehensive picture of the alleged misappropriation and laundering.
Further revelations include the use of Enterprise Dreams Limited to rent vehicles, some reportedly stolen from Canada and the United States, which will be presented as evidence.
In total, 85 documents were filed with the court on June 2, 2025. The prosecution successfully sought permission to provide additional disclosures regarding Adu-Boahene’s asset declaration.
Adding to Adu-Boahene’s woes, Justice and Attorney General Dr. Dominic Ayine announced in March that investigations uncovered his ownership of Vertex Properties, a company linked to the alleged misappropriation. Vertex Properties reportedly owns 27 houses in Oyarifa, each valued at $295,000.
Beyond Ghana’s borders, investigators have reportedly tracked two additional properties in London, with further details pending.
The case has been adjourned for a further case management conference scheduled for June 26, 2025, from 2 p.m. to 4 p.m. The nation watches keenly as the state aggressively pursues the recovery of alleged ill-gotten gains.
IDENTIFIED PROPERTIES UNDER SCRUTINY:
* No. 2 Stream Part Drive, Mayfair Estate, LA, Accra: $1,000,000 deposit (valued at GHS15,000,000).
* No. 6 Edith Avenue, Mayfair Estates, LA, Accra: $500,000 deposit.
* No. 7 Edith Avenue, Mayfair Estates, LA: $200,000 deposit.
* No. 8 Edith Avenue, Mayfair Estates, LA: Initial $97,815 deposit, with suspected additional cash payments.
* No. 9 Edith Avenue, Mayfair Estates, LA, Accra: $270,000 deposit.
* No. 10 Edith Avenue, Mayfair Estates, LA, Accra: $150,000 deposit.