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Ex-Buffer Stock CEO, wife face prosecution over GH₵78m theft scandal, money laundering

by theoverseeronline.com
October 22, 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 Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed that former Chief Executive Officer of the National Food and Buffer Stock Company, Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni, will be prosecuted for allegedly embezzling over GH₵78 million in state funds.

Addressing journalists at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr. Ayine said the Economic and Organised Crime Office (EOCO) unearthed a sophisticated money-laundering network operated by the couple between 2017 and 2024.

According to him, the couple worked in collusion with some senior officials at the Buffer Stock Company to siphon millions of cedis intended for food suppliers under the School Feeding Programme.

“While suppliers were crying for payment and children were being denied meals, these officials were looting public funds,” Dr. Ayine stated.

The EOCO-led investigation, code-named “Rumble in the Jungle,” uncovered that seven companies connected to the accused were used as conduits to divert the funds. Payments made to these entities were purportedly for food supplies that never took place.

Out of the over GHS78 million traced, only GHS27 million had any verifiable record of goods supplied. The remainder, Dr. Ayine noted, was outright theft disguised through fraudulent documentation and forged contracts.

EOCO’s findings further revealed that portions of the stolen funds were used to acquire luxury properties in Cantonments, Achimota, Dzorwulu, and Tamale, as well as a 17-bedroom boutique hotel.

The state has since frozen all assets and accounts linked to the couple pending trial.

The two are expected 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 Attorney General’s office is preparing to file the case in court by Friday, October 24. Dr. Ayine stressed the government’s commitment to holding public officials accountable for corruption.

Tags: AGEx-Buffer Stock CEOGH₵78m theft scandalGovernment Accountability SeriesHanan Abdul-WahabMoney launderingProsecutionWife
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