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EOCO Investigator Tells Court Adu-Boahen’s Assets Far Exceed Declared Income

Prosper AGBENYEGA by Prosper AGBENYEGA
July 1, 2026
Reading Time: 2 mins read
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An investigator with the Economic and Organised Crime Office (EOCO), Frank Marshall Cromwell, has told an Accra court that properties linked to former National Signals Bureau (NSB) Director-General, Kwabena Adu-Boahen, appear to be inconsistent with the income records established during investigations.

Testifying as the fourth prosecution witness (PW4) on Wednesday, July 1, the investigator said EOCO’s financial analysis of the accused’s earnings raised questions about the acquisition of multiple high-value properties connected to him and his wife, Angela Adjei-Boateng.

He told the court that salary records obtained for the period between 2017 and 2019 showed that Adu-Boahen earned approximately GH¢5,000 monthly in 2017, GH¢6,000 in 2018, and GH¢7,000 in 2019.

According to PW4, these earnings were assessed against several properties under investigation, including seven properties at Mayfair Garden Estate, a 27-unit apartment complex at Oyarifa Delsize Park, and another property at Dolchetser Heights in Asokore Mampong. The properties were later placed under freezing orders.

The investigator further disclosed that EOCO officials, accompanied by Adu-Boahen, his wife, and their lawyers, visited Mayfair Garden Estate on March 21, 2025, where the existence of the seven properties was confirmed.

He added that investigators also reviewed payment and banking records linked to Mayfair Estate, which formed part of the evidence base for the case.

PW4 told the court that investigators traced a GH¢1.5 million transfer from BNC Communications Bureau Limited’s account at UMB Bank to Advantage Solutions, before the funds were moved to Mayfair Estate. He said the transaction matched payment documentation obtained during the investigation.

He further indicated that additional financial flows involving companies such as Advantage Solutions and Vertex Solutions were identified and linked to persons of interest in the case.

Kwabena Adu-Boahen and his wife are currently standing trial over allegations involving the alleged diversion of GH¢49.1 million in state funds earmarked for a cyber defence project.

Prosecutors allege that the funds were channelled through private entities and used to acquire properties and other assets.

The accused persons have denied all charges and are expected to face cross-examination when proceedings resume on July 2, 2026.

Tags: Adu-BoahenAssetsCourtDeclared IncomeEOCO InvestigatorFar Exceedtells
Prosper AGBENYEGA

Prosper AGBENYEGA

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