The Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed that former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, allegedly engaged in scandals with his wife and some others.
According to the Attorney-General, between 2017 and 2024, Hanan Abdul-Wahab, the then-CEO of the Buffer Stock Company Limited, in concert with Richard Sam-Asante and Bismark Owusu Bokaye, orchestrated the transfer of Seventy-Eight Million, Two Hundred and Sixty-Nine Thousand, Eighty-Four Cedis and Four Pesewas GHS 78,269,084.04 from the company’s bank accounts.
The funds were allegedly moved to a private company linked to Abdul-Wahab, his wife, and staff of the Buffer Stock Company at Republic Bank and Ecobank.
The Attorney-General was addressing journalists at a press briefing in Accra on Wednesday, October 22, 2025, as part of the Government Accountability Series coordinated by the Presidency Communications Directorate.
The Minister stated that investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means.
He added that he remains committed to ensuring accountability and transparency in the case.
According to him, all assets found to have been acquired with stolen funds will be confiscated in accordance with the law.
the illegally acquired properties include:
A five-bedroom house at Chain Homes, valued at $1.625 million
A three-bedroom house at Cantonments, purchased for $600,000
Multiple plots of land at Airport Development Area, worth $750,000
A 17-bedroom boutique hotel in Gumani, Tamale, acquired for $250,000
A four-bedroom bungalow at Dworwulu, Accra, valued at over GHS 4.14 million
A 0.32-acre parcel of government land, purchased for GHS 307,200
The Attorney General added that investigations uncovered the former CEO’s engagement in money laundering involving suspicious transfers totaling over GH₵40.5 million through Sawtina Enterprise, a company in which he held shares.
According to the Attorney General, the illicit
transfers were made to various individuals and entities, raising serious concerns about financial impropriety, abuse of office, and the concealment of criminal proceeds.
By: Rainbowradioonline.com/Ghana
