GH₵40 million embezzled at VALCO Trust Fund: Acting CEO under NIB investigations
The Acting Chief Executive Officer of the VALCO Trust Fund, Kelvin Kwaku Yeboah has been arrested and granted bail by the National Intelligence Bureau (NIB) following some malfeasance he has engineered in his outfit.
Account to the 2021 Auditor General’s report, Mr. Yeboah has established a company he is using to dupe the state.
According to facts available to Onua TV/FM’s ‘Maakye’ team, the Acting CEO unilaterally increased his salary from GH₵26,000 to GH₵50,000.00 after sacking the woman who failed to endorse his plans to become a sole signatory to the Fund’s accounts.
Also, he is said to have documented that an amount of GH₵400,000.00 was given to the Energy Minister, Mathew Opoku Prempeh to spend his weekend.
Other monies expensed by Mr. Yeboah in his capacity as acting CEO include a GJ₵190,000.00 for photoshoot, GH₵17,000.00 for a website for schools under trees, a GH₵250,000.00 publicity for Schools under trees as well as a GH₵175,000.000 for a breakfast meeting with 20 people.
Speaking on Onua Maakye Tuesday, August 2, 2022, Captain Smart asked “Nana Addo, are you going to clear this man too?”
He noted such attitudes are the reason Ghana is seeking a bailout from the IMF, adding that, there would come a time when Ghanaians will arise and demand leadership to account for their stewardship and when the security institutions “run out of bullet, that’s when you’ll realise a Sri Lanka existed.”
By : Collins BOAKYE (Writer )-Tainnews