Attorney-General Povides Beakdown Od GH₵40 million ‘looted’ by former Buffer Stock CEO and wife

A fresh case of financial misappropriation involving the former CEO of the National Food Buffer Stock Company, Hanan Abdul-Wahab, under the previous Akufo-Addo administration, has been uncovered by the Attorney-General and Minister for Justice, Dr Dominic Ayine.

At a press briefing in Accra today, Dr Ayine said his office will soon file formal charges, including stealing, conspiracy to steal, wilfully causing financial loss to the state, and other related offences against Abdul-Wahab and his wife, Faiza Seidu Wuni.

Per the facts presented at the press briefing, Dr Ayine said investigations conducted by the Economic and Organised Crime Office (EOCO) found that Abdul-Wahab and his wife, Faiza Seidu Wuni, embezzled over Gh₵40 million in state funds earmarked for the School Feeding Programme during his tenure as CEO of the Buffer Stock Company from 2017 to 2024.

According to Dr Ayine, the couple laundered the stolen funds through seven different enterprises, details of which are expected to be disclosed in the charge sheet.

Entity Name                                              Amount
Sawtina Enterprise to Hanan Abdul-Wahab   GH₵ 16,179,137.25
Sawtina Enterprise to Alqarni Enterprise     GH₵ 23,913,964.90
Sawtina Enterprise to Fa-Hausa Ventures    GH₵500,000.00
Sawtina Enterprise to Chain Homes Ghana Ltd   GH₵550,000.00
TOTAL:  GH₵ 40,493,102.15

The A-G narrated that 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 National Food And Buffer Stock Company (NAFCO), his wife, Faiza Seidu Wuni and James Atieku, the Buffer Stock manager for the Northern Sector, who was based in Tamale.

“On account of the foregoing, we have decided to charge Mr Hanan Abdul-Wahab and his wife, Faiza Seidu Wuni, with stealing, conspiracy to steal, wilfully causing financial loss to the state, using public office for profit, obtaining public property by false statements and money laundering,” Dr Ayine said.

The Attorney-General alleged that within the period between 2017 and 2024, Abdul Wahab, in collaboration with Richard Sam Asante and Bismark Owusu Boakye, orchestrated the transfer of GHC78,269084.004 from the bank accounts of Buffer Stock Company to a private company linked to Hannan Abdul Wahab, his wife and staff of Buffer Stock at Republic Bank and Ecobank.