Start off with a perfect replica of a human mind. Eliminate absolutely all measures regarding selfishness, self-delusion, and rationalisation ... Eventually, use the most optimal mind coming out of this process and increase its intelligence until it becomes a 'Friendly' A.I.

The mind does not have modules for these things that can be removed; they are implicit in the mind's architecture. Nor does it use an intelligence-fluid which you can pour in to upgrade. Eliminating mental traits and increasing intelligence are both extraordinarily complicated procedures, and the possible side effects if they're done improperly include many sorts of insanity.