The Attorney General and Minister for Justice, Dr. Dominic Ayine, has disclosed that former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, is at the centre of a major corruption scandal involving the alleged acquisition of high-value properties using proceeds of crime.
Addressing journalists at a press briefing in Accra on Wednesday, October 22, as part of the Government Accountability Series coordinated by the Presidency Communications Directorate, Dr. Ayine outlined a list of luxury assets reportedly acquired by the former CEO with misappropriated public funds during his tenure.
According to the Attorney General, 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.
Abdul-Wahab was arrested in June and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties. He was picked up on June 25, 2025, together with his wife, over allegations of large-scale financial misconduct during his time in office.
While his wife was released earlier on a GH¢30 million bail, Abdul-Wahab remained in custody for several days, despite reports that he had met his bail conditions.
The opposition New Patriotic Party (NPP) criticised the bail terms, describing them as excessively harsh and politically motivated.
Dr. Ayine assured that government is committed to ensuring accountability and transparency in the case, adding that all assets found to have been acquired with stolen funds will be confiscated in accordance with the law.
According to the Attorney General, 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 $750,00
- 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
