The Economic and Organised Crime Office (EOCO) has frozen several luxury assets and accounts belonging to former Chief Executive Officer of the National Food Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni, following revelations of a major public funds diversion scheme.
Attorney General and Minister for Justice, Dr. Dominic Ayine, made the disclosure at the Government Accountability Series in Accra on Wednesday, October 22, 2025.
According to Dr. Ayine, investigations conducted by EOCO uncovered how the couple allegedly diverted more than GH¢78 million intended for the School Feeding and Free SHS food supply programmes into private accounts and investments.
“Between October 2019 and February 2021, the couple purchased plots at Fanali’s Airport Development site for 750,000 United States of American dollars. The total payments were made in cash in the name of Faiza Seidu Wuni. We have the cash receipts from the developer.
He added that EOCO, in collaboration with the Financial Intelligence Centre, has since frozen all identified assets linked to the couple.
“We have frozen all the assets of Hanan that I have listed, including a 10 million Ghana Cedis fixed deposit account at Republic Bank Labone branch. The wife has over 61 luxury bags, he himself was buying watches, some costing as much as 1.5 million Ghana cedis and so on. We have taken note of all of them. And so, we’ve done the freezing, including those of the vehicles.”
The Attorney General described the case as one of the most alarming examples of financial misconduct in recent years.
“The proceeds of crime were used by the couple to acquire a lot of high-end luxury properties and especially real estate across the country,” he explained.
Dr. Ayine noted that evidence gathered by EOCO revealed a “disturbing web of financial transactions” involving shell companies and fake invoices.
The couple, according to the Attorney General, will be arraigned before court to face multiple charges including 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.
