The Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed that the 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 on Wednesday as part of the Government Accountability Series, 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 financial transactions linked to Abdul-Wahab, which they believe were funded through illicit means.
They 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 GH¢4.14 million and a 0.32-acre parcel of government land, purchased for GH¢307,200.
The case, according to Dr. Ayine, is part of a broader government effort to recover stolen public funds and dismantle entrenched corruption networks within state institutions.
He assured that government remains committed to accountability and transparency, stressing that “all assets found to have been acquired with stolen funds will be confiscated in accordance with the law.”
Mr. Abdul-Wahab was arrested in June 2025 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 together with his wife over allegations of large-scale financial misconduct during his time in office, but the latter was released earlier on a GH¢30 million bail.
Source: Adomonline
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