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Ex-Buffer Stock CEO denies AG’s GH¢78m embezzlement claims, ready to face court

by theoverseeronline.com
October 23, 2025
in Court, Crime
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Ex-Buffer Stock CEO, wife face prosecution over GH₵78m theft scandal, money laundering
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The former Chief Executive Officer of the National Food Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, has denied allegations by Attorney General and Minister for Justice, Dr. Dominic Ayine, that he and his wife misappropriated GH¢78 million in public funds.

The Attorney General, speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, claimed that investigations by the Economic and Organised Crime Office (EOCO) had uncovered a large-scale embezzlement and money-laundering scheme involving the couple.

According to Dr. Ayine, the former NAFCO boss and his wife, Faiza Seidu Wuni, allegedly diverted millions of cedis meant for food suppliers under the School Feeding and Free SHS programmes into private accounts and investments between 2017 and 2024.

He added that the couple purchased several properties, including plots at the Airport Development area for over US$750,000, all paid for in cash.

But in a swift response, Mr. Abdul-Wahab dismissed the allegations, describing them as false and damaging to his reputation.

According to him, the allegations by the AG do not reflect the facts of the matter

He said, “I wish to state, respectfully, that these claims are untrue and do not reflect the facts of the matter. I have no involvement in the issues being referred to, and I find the comments deeply unfortunate.”

He further noted that his lawyers have been instructed to examine the matter and advise on legal steps to safeguard his image.

“I look forward to the opportunity to present my side and to have my day in court, where I am confident that the truth will be made clear,” he added.

Mr. Abdul-Wahab reiterated his commitment to transparency and integrity, insisting that his record in public service remains clean and verifiable.

Tags: AGEx-Buffer Stock CEOGH¢78m embezzlementGhana News
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