Attorney-General provides breakdown of 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 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, willfully causing financial loss to the state, and other related offences against Abdul Wahab.
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: GHC 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, willfully 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-Gene alleged that within the period between 2017 and 2024, Abdul Wahab in consent 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.
““Similarly, evidence shows that between December 2017 and May 2019, Hanan Abdul Wahab transferred GHC5,495,780.036 from Buffer Stock Company accounts to two bank accounts belonging to Aludiba Enterprise, one of his companies at Republic Bank and Absa,” he added.
