Prof. Ameyaw-Akumfi Arrested in $2M Sky Train Corruption celebrity news

Professor Ameyaw-Akumfi has been arrested. He’s being detained by the National Intelligence Bureau (NIB) in connection with an alleged scam in $3 billion Accra Sky Train project.

The Former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF) was apprehended and taken into custody on Sunday February 23, 2025 after being picked up by the security officers.

3news.com reports that, Prof. Ameyaw-Akumfi’s detention follows after authorizing the release of $2 million to Africa Investor Holdings, the company behind the project.

Report suggests the payments was made before feasibility studiea wede conducted and fubds have yet to be refubded to the state.

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Prof. Ameyaw-Akumfi Sky Train Controversy

The $3 billion Accra Sky Train project, announced in 2017 by President Nana Akufo-Addo, was meant to revolutionize urban transportation in Ghana. However, the initiative quickly became controversial due to financial mismanagement and lack of due diligence.

In July 2023, the Minority in Parliament demanded answers from the government regarding the $2 million payment made to Africa Investor Holdings.

According to the 2021 Auditor-General’s report, the Ai Sky Train Consortium Holdings, the Special Purpose Vehicle (SPV) set up for the project, did not have the required operational license to carry out the initiative.

Addressing the press, Adaklu MP Kwame Agbodza criticized the transaction:

“The Government of Ghana encouraged an investor from South Africa to set up a Special Purpose Vehicle in Mauritius. Before feasibility studies even began, $2 million was paid to this entity. Who authorized this payment?“

The Auditor-General’s report later classified the investment as a net liability, effectively meaning the state had lost money on the project.

Prof. Ameyaw-Akumfi’s detention follows ongoing investigations into financial mismanagement at GIIF.

His legal team is actively working to secure his release, but it remains unclear when he will be freed. NIB officials describe the detention as part of a routine investigative process.

The Ghana Sky Train project has been public scrutiny however Prof. Ameyaw-Akumfi’s arrest has triggered Ghanaians airing sentiments, with many praising the NIB and calling on them to conduct thorough investigations.

Others have claimed that the legal proceedure wont yield any results, just like significant politicians being found guilty in comparable incidents yet go scot-free without prosecution.

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SOURCE: hellovybes.com

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