Full list of properties allegedly acquired by ex-Buffer Stock boss with stolen funds
Former National Food and Buffer Stock Company (NAFCO) CEO Hanan Abdul-Wahab is at the center of a significant corruption scandal involving the purported use of criminal proceeds to purchase expensive real estate, according to Attorney General and Justice Minister Dr. Dominic Ayine.
Speaking to reporters at a press conference in Accra on Wednesday, October 22, as part of the Presidency Communications Directorate’s Government Accountability Series, Dr. Ayine listed a number of opulent possessions that the former CEO is said to have obtained during his tenure using public funds that were embezzled.
The Attorney General claims that the Economic and Organised Crime Office (EOCO) detectives have located a number of Abdul-Wahab-related properties and bank transactions that they suspect were financed illegally.
After being arrested in June and held by EOCO for two weeks, Abdul-Wahab was released on GH¢60 million bond with two sureties. Due to claims of widespread financial malfeasance while in government, he and his spouse were arrested on June 25, 2025.
Despite claims that he had complied with his bail requirements, Abdul-Wahab was in detention for several days while his wife was released earlier on GH¢30 million bail.
The bail conditions were criticized by the opposition New Patriotic Party (NPP), which said they were unduly severe and politically driven.
In addition to promising that all properties discovered to have been obtained using stolen money will be seized in compliance with the law, Dr. Ayine reaffirmed the government’s commitment to guaranteeing accountability and transparency in the matter.
According to the Attorney General, the illegally acquired properties include:
A five-bedroom house at Chain Homes, valued at $1.625 million
A three-bedroom house at Cantonments, purchased for $600,000
Multiple plots of land at Airport Development Area, worth $750,000
A 17-bedroom boutique hotel in Gumani, Tamale, acquired for $250,000
A four-bedroom bungalow at Dworwulu, Accra, valued at over GHS 4.14 million
A 0.32-acre parcel of government land, purchased for GHS 307,200
