Africa-Press – Ghana. Dr Dominic Akuritinga Ayine, the Attorney-General and Minister of Justice has disclosed that Mr Hanan Abdul-Wahab, the former Chief Executive Officer of the National Food and Buffer Stock Company Limited, and three others will be charged with various offenses on Friday, 24th October 2025.
He made the disclosure when he took his turn at the Governance Accountability Series press conference held at the Presidency in Accra.
He said Mr Abdul-Wahab and his wife, Faiza Seidu Wuni, had acquired properties from proceeds of crime between 2018 and 2024, saying Mr Abdul-Wahab was also involved in acts of money-laundering.
As of March 20, 2025, when we announced the arrest and detention of suspects Kwabena Adu Boahene and his wife Angela Boateng, the Economic and Organised Crime Office (EOCO) had gathered credible intelligence regarding a criminal enterprise that had been operated by the former CEO of the National Food and Buffer Stock Company Limited, Mr Hanan Abdul-Wahab,” he stated.
“Initial estimates put the amount of money pilfered by Mr Abdul-Wahab and his collaborators at the time at around GHS58 million, far in excess of the GHS49 million suspected to have been stolen by Mr Kwabena Adu Boahene and his co-accused persons.”
The Attorney-General referred to the criminal enterprise operated by Mr Abdul-Wahab and his collaborators at the Buffer Stock “the Rumble in the Jungle” not only because of the huge amount of money involved, but because food suppliers were facing challenges due to failure to receive payment for supplies made to the Company.
He said because of this school children were being denied nutrition under the School Feeding Programme for lack of funds.
Dr Ayine explained that it was through painstaking investigations that the Economic and Orgainsed Crime (EOCO) Unit discovered this illicit, criminal enterprise run by a gang of corrupt, lawless officials at the Buffer Stock Company.
He said on June 25, 2025, the EOCO conducted a coordinated operation based upon their initial investigations which resulted in the arrest of Mr Abdul-Wahab, former Chief Executive of the NAFCO, his wife Faiza Seidu Wuni and James Atieku, the Buffer Stock Manager for the Northern Sector, who was based in Tamale.
The Attorney-General said the operation also led to the arrest of Emmanuel Arthur, the Head of Corporate Affairs of NAFCO.
The arrest followed Initial intelligence and assessment by EOCO which suggested that while serving as CEO of Buffer Stock between 2017 and 2024, Mr Hanan Abdul-Wahab colluded with his wife, Faiza Seidu Wuni, Richard Sam Asante (Head of Finance), Bismark Owusu Boakye (Finance Department), and Emmanuel Arthur (Corporate Affairs Manager) and others to, to create an elaborate criminal enterprise that was used to steal and launder public funds from the Buffer Stock Company.
He said between 2017 and 2024, Mr Abdul-Wahab, in concert with Richard Sam-Asante and Bismark Owusu Boakye, orchestrated the transfer of over GHS78 million from the bank accounts of the Buffer Stock Company into a private company linked to the CEO, his wife and some staff respectively at Republic Bank and ECOBANK.
Again, evidence showed that the funds were instantly retransferred to companies owned by Mr Abdul-Wahab, companies and entities owned or associated with him.
He said similarly evidence showed that between December 2017 and May 2019, Mr Abdul-Wahab transferred GHC 5,495,748.36, from the Buffer Stock Company’s accounts to two other bank accounts belonging to Aludiba Enterprise at Republic Bank and ABSA, a company he owns.
He said Aludiba Enterprise was not a registered supplier of Buffer Stock Company.
He said Mr Abdul-Whab between October 2019 to January 2022 also orchestrated some suppliers to transfer an amount of over GHS11 million to an entity owned by a staff of the Buffer Stock Company and later instructed the staff to re-transfer the funds into a company owned and run by Hanan Abdul Whab and his wife.
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