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Speaker Bagbin launches two books to deepen understanding of Ghana’s parliamentary practices

Prof Gyampo, Dr Domfeh smoke peace pipe with apologies to each other

Kobina Ansah takes Milan by storm with powerful talk on Theatre & Social Change

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NewsFile GH
Home»Security»Crime»GHC260M BAIL FOR ‘JAMES BOND’
Crime

GHC260M BAIL FOR ‘JAMES BOND’

By newsfileghMarch 25, 20252 Mins Read
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Wife, and Associates Locked Up in Jail Over Mega Fraud Shock

In a jaw-dropping turn of events, the Former National Signal Bureau Kingpin, dubbed ‘James Bond’, and three cohorts find themselves behind bars as an eye-watering GHC260 million bail gets slapped on the table by the Economic and Organized Crime Office (EOCO).
The hefty sum, to be provided in surety along with surrendering their passports, aims to shield against potential flight risks posed by the accused quartet.
The spotlight fell on former NSB Chief, Kwabena Adu-Boahene, and his spouse amid swirling accusations of their involvement in a massive multi-million dollar fraud scandal.
This explosive revelation, unearthed by the EOCO shock troops, has sparked ripples of disbelief across the nation, underscoring the resolute stand of President John Mahama’s administration against the dark cloud of corruption.
At the heart of the probe lies the shrouded dealings in the procurement of high-tech cyber intelligence gear by the NSB, formerly known as the Bureau of National Communication (BNC).
Allegations point fingers at Mr. Adu-Boahene, steering the country’s signal fortress since 2017, for funnelling public coffers into his private venture, BNC Communication Bureau Limited, under the guise of acquiring a “Cyber Defense System Software” from an Israeli entity.
The snoop operation unveiled a web of shadowy firms, with Advantage Solutions Limited among others, purportedly facilitating the illicit fund transfers, dragging several banking heavyweights, including Universal Merchant Bank, Fidelity Bank, and Stanbic Bank, into the mire.
The ill-gotten gains seemed to have found new homes in lucrative properties both within Ghana’s borders and beyond, leaving tongues wagging at the staggering sums siphoned off during the prior dispensation.
With legal proceedings gaining momentum, these cuffs symbolize a monumental leap towards integrity and transparency in the anti-graft crusade within Ghana’s corridors of power.
Eager eyes are glued to the unfolding drama, anticipating the rippling effects of this seismic case on the nation’s moral fabric and governance standards.

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Speaker Bagbin launches two books to deepen understanding of Ghana’s parliamentary practices

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Speaker Bagbin launches two books to deepen understanding of Ghana’s parliamentary practices

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Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin, has launched two new…

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