AG Freezes Assets of Former Buffer Stock CEO and Wife Amid Corruption Probe
Accra , October 22,2025 - Ghana's Attorney-General, Dr. Dominic Ayine, has announced the freezing of assets belonging to Abdul-Wahab Hanan, former CEO of the National Food and Buffer Stock Company (NAFCO), and his wife, Faiza Seidu Wuni, as part of an ongoing corruption investigation.
The assets frozen include a GHS10 million fixed deposit account at Republic Bank's Labone Branch, several vehicles, and over 61 luxury handbags linked to the couple. Dr. Ayine stated that these assets will be confiscated by the state during criminal proceedings.
The move is aimed at recovering allegedly misappropriated public funds and preventing the concealment or dissipation of suspected illicit wealth. Investigations have identified numerous properties believed to have been acquired with diverted state resources, including:
- A 17-bedroom boutique hotel in Tamale
- A four-bedroom bungalow in Dworwulu, Accra, valued at GHS4,142,451
- A three-story building (Chicken Republic) at Estate Junction, Tamale
- A five-bedroom mansion at Kanvili, Dorado Street, Tamale
- A three-bedroom house in Kpalsi, Tamale
- A one-story building at No. 10 Selby Gardens, Achimota, Accra
- A 27-acre plot of land at Estate Junction, Tamale
- A 29-acre plot near Workers College, Tamale
Dr. Ayine emphasized that this action demonstrates the government's commitment to combating corruption and enhancing accountability in public institutions. The former Buffer Stock CEO and his wife are accused of embezzling over GHS40 million in state funds earmarked for the School Feeding Programme between 2017 and 2024.
Source - Lead News Online/Leticia Okpoti
