The Attorney-General has filed 24 criminal charges against the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab Aludiba, his wife Faiza Seidu Wuni, and three others over the alleged theft and laundering of more than ₵78 million in public funds.
The accused — which also include The Aludiba Foundation, Energy Partners Limited, and Richard Sam-Asante (currently at large) — face charges ranging from stealing, money laundering, and fraudulently causing financial loss to the Republic, to using public office for profit and intentional dissipation of public funds.
The case, filed at the High Court (Criminal Division) in Accra, outlines what prosecutors describe as a sophisticated financial scheme allegedly executed between February 2017 and February 2025, during Aludiba’s tenure as CEO of NAFCO.
Alleged Diversion of Funds
According to the charge sheet, Hanan Abdul-Wahab is accused of stealing over ₵50.8 million from NAFCO through purported payments to Sawtina Enterprise, a company owned by a NAFCO regional manager, James Tieku-Apawu.
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Investigations by the Economic and Organised Crime Office (EOCO) reportedly showed that about 80% of these payments had no record of actual supplies, with more than ₵50 million allegedly traced to Hanan, his wife, and companies linked to them.
Payments to Family Businesses
Further investigations revealed additional payments made by Hanan, including:
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₵5.49 million to Aludiba Enterprise, his personal company;
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₵4.4 million to Alqarni Enterprise, owned by his wife, Faiza Wuni; and
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₵251,050 to Energy Partners Limited, another company under his control.
EOCO noted that none of these entities were approved suppliers of NAFCO and that the payments lacked any legitimate justification.
Money Laundering and Property Acquisitions
Prosecutors allege that between 2020 and 2022, Hanan transferred over ₵13.2 million from NAFCO accounts into Fa-Hausa Ventures, a business registered in his wife’s name. Both were signatories to the company’s bank account.
The funds were allegedly used to acquire properties and investments in Accra, Tamale, and other locations, as well as to finance The Aludiba Foundation, which prosecutors say served as a conduit for laundering proceeds of crime.
EOCO reportedly began its probe earlier this year after receiving intelligence that Hanan had “embezzled hundreds of millions of Ghana cedis” during his leadership at NAFCO. He was arrested on June 25, 2025, at his residence at Chain Homes, Airport East, Accra, and later released on police inquiry bail. His wife and other associates were subsequently arrested in Tamale and Accra.
The company’s Head of Finance, Richard Sam-Asante, who allegedly co-signed fraudulent cheques and facilitated some of the payments, remains on the run.
Charges and Court Proceedings
The 24 counts filed include:
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Stealing – Section 124(1) of Act 29
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Fraudulently causing financial loss to the Republic
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Money laundering – under Act 1044
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Using public office for profit – Section 179C of Act 29
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Intentional dissipation of public funds – SMCD 140
The case has been assigned to the High Court (Criminal Division) in Accra. The prosecution is expected to call several witnesses, including EOCO investigators and bank officials.
The charge sheet was filed and signed by the Attorney-General on October 28, 2025.
Story By: Afia Ohenewaa Akyerem