Former Chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof. Christopher Ameyaw-Akumfi, has been released on bail after being detained by the National Intelligence Bureau (NIB) in connection with the $2M Sky Train scandal.
His defence lawyer, Ken Kuranchie, confirmed the release in an interview with ChannelOne TV, stating that his legal team worked swiftly to secure his freedom while investigations continue.
Prof. Ameyaw-Akumfi was picked up from his home on Sunday morning by NIB officials, who informed him that he was needed for questioning. His detention was part of an ongoing probe into financial irregularities involving a $2M payment to Africa Investor Holdings for the failed Accra Sky Train project.
Background: The Sky Train Scandal
Prof. Ameyaw-Akumfi’s detention followed concerns raised in a 2021 Auditor-General’s report, which revealed that the Special Purpose Vehicle (SPV) set up for the Sky Train project did not have an operational license, yet $2M was disbursed through GIIF under his leadership.
The project, initially announced in 2017, was expected to transform urban transport in Accra, but it never materialized. In July 2023, the Minority in Parliament demanded accountability, questioning why public funds were released without necessary approvals or feasibility studies.
While Prof. Ameyaw-Akumfi has regained his freedom, it remains unclear whether he will face further legal action or additional questioning.
Former Public Procurement Authority Board Chairman, Prof. Christopher Ameyaw-Akumfi, has been released after being held by the National Intelligence Bureau (NIB) for investigations into financial matters related to his tenure at GIIF.
According to his lawyer, Ken Kuranchie,… pic.twitter.com/72JK5nQW4U
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