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AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Attorney General Dr. Dominic Ayine has charged former Buffer Stock CEO Hanan Abdul-Wahab and his wife, Faiza Seidu Wuni, for allegedly stealing and laundering over GHS78 million through ghost food supply deals.

Kumasi Mail by Kumasi Mail
October 22, 2025
in News
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AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering
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The Attorney General and Minister for Justice, Dr. Dominic Ayine, has announced the commencement of criminal proceedings against the former Chief Executive Officer of the National Food Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni, over what has been described as a sophisticated GHS78 million theft and money laundering scheme.

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr. Ayine said investigations by the Economic and Organised Crime Office (EOCO) uncovered a “complex web of financial transactions and shell companies” used to siphon state funds between 2017 and 2024.

According to him, the couple, working in concert with senior officials of Buffer Stock, diverted funds meant for the School Feeding Programme and food suppliers. “While suppliers were crying for payment and children were being denied meals, these officials were looting public funds,” he stated.

Between 2017 and 2024, former Buffer Stock CEO Hanan Abdul-Wahab together with his wife Faiza Seidu Wuni and two others transferred GHC78 million from the bank accounts of Buffer Stock Company to a private company linked to himself and wife – Dr. Dominic Ayini (A-G)

The investigation, code-named “Rumble in the Jungle,” revealed that seven companies linked to the couple were used to launder the stolen funds. EOCO found that payments made to these entities were presented as legitimate food supply transactions when “no such supplies were made in most instances.”

Dr. Ayine disclosed that evidence gathered showed over GHS78 million was transferred from Buffer Stock accounts to Sawtina Enterprise and other companies associated with the accused. “Only about GHS27 million of these payments had any records of supplies, the rest were outright theft,” he noted.

According to EOCO’s report, the stolen funds were used to acquire multiple high-end properties, including houses in Cantonments, Achimota, Dzorwulu, and Tamale, as well as a 17-bedroom boutique hotel. The state has since frozen all identified assets and bank accounts linked to the couple, pending prosecution.

The Attorney General confirmed that the accused persons will face charges of stealing, conspiracy to steal, willfully causing financial loss to the state, money laundering, and using public office for profit. The charges are expected to be filed by Friday, October 24, 2025.

“We are determined to ensure accountability and restore confidence in public institutions. No one, no matter how highly placed, will escape justice when public funds are abused,” Dr. Ayine assured.
Source: www.kumasimail.com

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