Court Filings Expose SHADY DEALINGS at Heart of Akufo-Addo’s Health Infrastructure Initiative.
A bombshell has exploded from the courtroom, revealing that a director of a local real estate firm, Ibistek, allegedly forged company documents to secure a lucrative government contract under the former Akufo-Addo administration’s flagship Agenda 111 hospital project.
The staggering revelation is part of a messy legal battle where Ibistek’s Chairman and Executive Director, Lawyer Kwame Gyan, is suing two of his co-directors. In a sworn affidavit filed at the Accra High Court, Gyan claims that his co-director, Nana Yaw Boahene, was the one who pulled off the forgery.
According to the court documents, Boahene secretly obtained a contract from the Office of the President to build an Agenda 111 hospital in Jinijini, Bono East region. He allegedly did this without the knowledge or consent of his fellow directors, a move that implies the use of forged signatures.
But the plot thickens. The contract, though awarded in Ibistek’s name, was allegedly intended for WEDDI Africa—a company Boahene had created to compete with Ibistek. The filings suggest that Boahene shamelessly leveraged Ibistek’s reputation and track record to win the contract, only to channel it to his own company, which reportedly lacks the necessary expertise and even poaches staff from Ibistek.
This astonishing lack of due diligence, if the court claims are true, points to a massive failure by the Akufo-Addo presidency, which had personally taken charge of awarding contracts for the nationwide Agenda 111 program.
The court documents even suggest that Boahene’s alleged incompetence in executing the contract caused embarrassment and potential legal trouble for Ibistek.
But the scandal doesn’t stop there. The same court fight has unveiled other jaw-dropping allegations against Ibistek. The company is accused of perpetrating loan fraud with CalBank, securing a loan without any collateral for a project at the Takoradi Port and receiving free shares without contributing a single cedi.
In a similar “shady arrangement,” Ibistek allegedly convinced the Ghana Infrastructure Investment Fund (GIIF) to fund another project at the same port, again getting free shares.
In what has been described as a grand “booty” sharing scheme, Ibistek is accused of later selling some of these shares to a Turkish company, raking in a staggering US$8 million, which was then “apparently shared with elements in the Akufo-Addo Jubilee House.”
These explosive details from the lawsuit, which pits Lawyer Kwame Gyan against Nana Yaw Boahene and Eric Owiredu Akrofi, paint a disturbing picture of deep-seated corruption and entanglement between a “shady company” and the former government.
News Desk Report