An officer of the National Intelligence Bureau (NIB), Edward Nana Yaw Koranteng, has provided his witness statement in the ongoing criminal trial concerning the failed $2 million Accra Skytrain project.
According to his statement, he disclosed that the two accused persons: the former Chief Executive Officer (CEO) of the Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah; and the former Board Chairman, Prof Christopher Ameyaw Akumfi, did not follow the proper procedures.
He said they went ahead to authorise the payment of $2 million to Africa Investor Holdings Limited (AIHL) in an attempt to develop a Skytrain project in Accra, without the required approval from the GIIF Board, 3news.com reports.
The report further stated that the transaction was flagged as irregular and did not follow the required processes as intended.
