The Attorney-General, Mr. Dominic Ayine, has formerly filed 24 criminal charges against former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Mr. Hanan Abdul-Wahab Aludiba, his wife, Faiza Seidu Wuni, and three others over alleged thievery and money laundering of more than ₵78 million state funds.
The accused individuals, which include The Aludiba Foundation, Energy Partners Limited, and Richard Sam-Asante (who is currently evading capture), are facing 24 charges that include theft, money laundering, and fraudulently causing financial loss to the Republic, as well as using public office for personal gain and intentionally misusing public funds.
The case has been filed in the High Court (Criminal Division) in Accra, outlining a complicated scheme of embezzlement and financial manipulation that allegedly took place between February 2017 and February 2025, during Hanan Aludiba’s time as CEO of NAFCO.
Alleged Misappropriation
As per the charge sheet, Hanan Abdul-Wahab is accused of misappropriating over ₵50.8 million from NAFCO through payments that were supposedly made to Sawtina Enterprise, a business owned by one of NAFCO’s regional managers, James Tieku-Apawu.
Investigations conducted by the Economic and Organised Crime Office (EOCO) indicated that around 80% of the funds transferred to Sawtina had no corresponding delivery of goods, with more than ₵50 million allegedly linked back to Hanan, his spouse, and associated companies.
Payments to Cronies And Family
Further investigations revealed that Hanan authorized additional payments of GH₵5.49 million to Aludiba Enterprise, his own business, GH₵4.4 million to Alqarni Enterprise, a company owned by his wife, Faiza Wuni, and GH₵251,050 to Energy Partners Limited, a company he also manages.
EOCO discovered that none of these businesses were licensed suppliers for NAFCO and that there were no valid transactions to justify the payments.
Money Laundering And Other Charges
The prosecution claims that from 2020 to 2022, Hanan moved over ₵13.2 million from NAFCO funds to Fa-Hausa Ventures, a business registered under his wife’s name. Both Hanan and Faiza had access to the company’s bank account.
Investigators state that these funds were utilized to buy properties and make investments in Accra, Tamale, and other areas, as well as to support The Aludiba Foundation, which prosecutors allege was a means to launder criminal proceeds.
EOCO started its investigation after receiving information earlier this year that Hanan had “embezzled hundreds of millions of Ghana cedis” during his tenure as CEO.
He was apprehended on June 25, 2025, at his home in Chain Homes, Airport East, Accra, and was later released on police inquiry bail. His wife and other associates were also detained in coordinated operations in Tamale and Accra.
Richard Sam-Asante, the Head of Finance at NAFCO, who is accused of co-signing fraudulent cheques and facilitating some payments, is still at large.
Charges
Among the 24 charges filed, significant accusations include stealing (Section 124(1) of Act 29), fraudulently causing financial loss to the Republic, money laundering (under Act 1044), using public office for personal gain (Section 179C of Act 29), and intentionally dissipating public funds (SMCD 140).
The case has been assigned to the High Court (Criminal Division) in Accra.
The prosecution plans to call several witnesses, including EOCO investigators and bank officials, to provide testimony.
The matter was filed and signed by the Attorney-General on October 28, 2025.
The case of Hanan Abdul-Wahab can best be describe as create loot and share but this time, the circle of embezzlement runs within the family