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AG to Charge Fmr Buffer Stock CEO and Wife with Multiple Criminal Charges

Emmanuel Tibila Boasahby Emmanuel Tibila Boasah
October 22, 2025
Reading Time: 6 mins read
Emmanuel Tibila Boasahby Emmanuel Tibila Boasah
in General News
0
ORAL Prosecutions: Allow AG To Hasten Slowly – Yendi MP

Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

Ghana’s Attorney General and Minister for Justice, Dr. Dominic Akuritinga Ayine, has announced that the former Chief Executive Officer of the National Food and Buffer Stock Company Limited (NAFCO), Mr. Hanan Abdul Wahab, and his wife, Mrs. Faiza Seidu Wuni, will face multiple criminal charges, latest by Friday, October 24, 2025.

This follows extensive investigations by the Economic and Organized Crime Office (EOCO) into what he described as one of the most brazen acts of state corruption in recent memory.

Speaking at a press briefing in Accra, Dr. Ayine confirmed that his office has completed the legal processes necessary to commence prosecution against the couple, whose alleged corruption scheme, codenamed “Rumble in the Jungle,” involved the diversion, theft, and laundering of tens of millions of Ghana cedis meant for food suppliers and the national school feeding program.

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The Attorney General explained that the decision to proceed with criminal charges follows months of painstaking investigations and financial tracing, which revealed a vast network of illicit transactions and property acquisitions by the couple during Mr. Abdul Wahab’s tenure as CEO of Buffer Stock from 2017 to 2024.

AG 1
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

“On account of the foregoing, we have decided to charge Mr. Hanan Abdul Wahab and his wife, Mrs. Faiza Seidu Wuni, with stealing, conspiracy to steal, causing financial loss to the state, using public office for profit, obtaining public property by false statements, and money laundering.”

Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

He disclosed that the charges will be formally filed in court on Friday, adding that his office has already prepared the draft charge sheet.

“I have the charge sheet here, and I am reviewing it for everybody to see so that nobody can say that I have indicted somebody without having charges ready. I have my charges ready.”

Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

Dr. Ayine clarified that this marks a new era in the conduct of corruption-related prosecutions under his leadership as Attorney General.

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“From now onwards, when we are announcing the conclusion of investigations, we are either contemporaneously filing charges or filing them immediately thereafter. We want to ensure that accountability is not just spoken about but demonstrated through swift and deliberate legal action.”

Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

The announcement follows public disclosures by the Attorney General detailing the findings of EOCO’s investigations, which exposed a sophisticated criminal enterprise allegedly masterminded by the former Buffer Stock CEO and his wife. According to investigators, the couple colluded with other officials of the company to siphon more than GHS 78 million of public funds through bogus supplier payments and shell companies under their control.

CEO
Mr. Hanan Abdul Wahab, former Chief Executive Officer of the National Food and Buffer Stock Company Limited (NAFCO)

Dr. Ayine previously revealed that the couple laundered these funds through seven entities linked to them—including Alcani Enterprise, Alu Diba Enterprise, Energy Partners, Farhauser Ventures, Farhauser Company Limited, Alu Diba Foundation, and Sortina Enterprise—which were used as vehicles to receive, conceal, and reinvest the proceeds of their alleged crimes.

The Attorney General said evidence gathered so far established that large sums transferred from Buffer Stock’s accounts to these entities were quickly re-routed into private bank accounts belonging to Mr. Abdul Wahab, his wife, and their companies.

“The investigation showed that while food suppliers were crying for payment and schoolchildren were being deprived of meals, Mr. Abdul Wahab and his wife were busy looting public funds.”

Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

He said that subsequent financial tracing by EOCO revealed extensive real estate investments funded by the illicit proceeds, including a five-bedroom luxury mansion at Chain Homes worth $1.625 million, a three-bedroom house at Cantonments valued at $600,000, a multi-million-dollar residence at Airport Development Site, and several other properties in Accra and Tamale, all acquired between 2017 and 2024.

DR. AYINE
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

The couple also reportedly purchased government land through a middleman, developed a 17-bedroom boutique hotel in Tamale under a franchise agreement with Villa Monticello, and acquired luxury goods, including 61 designer handbags and high-end watches valued at up to GHS 1.5 million each.

A GHS 10 million fixed deposit account belonging to them at Republic Bank’s Labone branch has also been frozen, pending court orders for confiscation.

Dr. Ayine said the decision to move forward with criminal prosecution demonstrates the government’s determination to ensure accountability for every cedi of public funds misappropriated under the scheme.

He also took a moment to address critics who have questioned the pace of the investigation, emphasizing that the complexity of financial crimes requires diligence and thorough evidence-gathering to withstand scrutiny in court.

The Attorney General explained that he would not bow to political or public pressure to rush prosecutions without sufficient evidence.

Dr. Ayine reiterated that the state’s case is built on a solid foundation of documentary and transactional evidence, including bank records, supplier invoices, waybills, and property documents linking the accused persons to the alleged offenses. “We are confident in the strength of our case. The evidence is overwhelming and incontrovertible,” he said.

He further assured Ghanaians that the prosecution will be conducted transparently and professionally and that his office will pursue not only convictions but also the confiscation of all identified assets believed to have been acquired through the proceeds of crime. “Every house, every plot of land, every cedi traceable to this criminal network will be recovered for the state,” the Attorney General declared.

The case of “Rumble in the Jungle”—as Dr. Ayine calls it—has drawn nationwide attention, with many commending the Attorney General for his proactive approach in exposing large-scale corruption within state institutions.

The announcement of imminent charges marks a major milestone in Ghana’s ongoing efforts to fight corruption, especially in sectors that directly affect food security and education.

READ ALSO: Shock for Shareholders As GCB Suspends Approved Dividend Payment

Tags: asset confiscationbuffer stockCorruptioncourt chargesDr. Dominic AyineEOCOFaiza Seidu WuniFinancial loss to the stateGhana Attorney GeneralHanan Abdul WahabMoney launderingNational Food and Buffer Stock Companypublic accountabilityRumble in the JungleStealing
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