Former NAFCO CEO Abdul-Wahab Hannan Freed on GH¢60m Bail After EOCO Detention
Accra, Ghana - 9 July, 2025 - The former Chief Executive Officer of Ghana’s National Food Buffer Stock Company (NAFCO), Abdul-Wahab Hannan, has been released on bail after two weeks in detention, following his arrest by the Economic and Organised Crime Office (EOCO) over allegations of financial misconduct.
Hannan, granted a GH¢60 million bail with two sureties on 8 July 2025, walked free from EOCO’s headquarters in Accra, greeted by family members, amid a contentious dispute over what his supporters, including the opposition New Patriotic Party (NPP), have called excessive bail conditions.
Hannan and his wife, Faiza, were arrested on 25 June 2025 in a coordinated operation in Accra and Tamale, accused of tax evasion, money laundering, and causing financial loss to the state during his tenure at NAFCO, a state-run agency responsible for managing food reserves to stabilize prices and support farmers. The arrests followed investigations into alleged financial and procurement irregularities, though specific details of the charges remain undisclosed.
Faiza was released on 30 June on a GH¢30 million bail, but Hannan’s detention continued, sparking protests from the NPP and the Minority Caucus in Parliament, who labeled the bail terms “punitive” and “pre-trial punishment.
