Wife of former buffer stock boss faces 24 charges for allegedly stealing GH¢78m
The Attorney-General has filed multiple criminal charges against former NAFCO CEO Hanan Abdul-Wahab Aludiba, his wife Faiza Seidu Wuni, and three others for allegedly stealing and laundering over ₵78 million of public funds.
The accused, including The Aludiba Foundation, Energy Partners Limited, and Richard Sam-Asante (who is currently at large), are charged with 24 counts 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 complaint, which was filed at the High Court (Criminal Division), Accra, describes a sophisticated financial manipulation and embezzlement operation that was purportedly carried out between February 2017 and February 2025, when Hanan Aludiba was the CEO of NAFCO.
Alleged Diversion of Funds
According to the charge sheet, Hanan Abdul-Wahab is accused of stealing more than ₵50.8 million from NAFCO through payments purportedly made to Sawtina Enterprise, a company owned by one of NAFCO’s regional managers, James Tieku-Apawu.
Investigations by the Economic and Organised Crime Office (EOCO) revealed that about 80% of the transfers made to Sawtina had no corresponding supply of goods, with over ₵50 million allegedly traced back to Hanan, his wife, and related companies.
Payments to Family Businesses
Further investigations uncovered that Hanan caused additional payments of:
₵5.49 million to Aludiba Enterprise, his personal business;
₵4.4 million to Alqarni Enterprise, a company owned by his wife, Faiza Wuni; and
₵251,050 to Energy Partners Limited, a company he also controls.
EOCO found that none of these entities were licensed suppliers of NAFCO and that no legitimate transactions supported the payments.
Money Laundering and Property Acquisitions
The prosecution alleges that between 2020 and 2022, Hanan transferred over ₵13.2 million from NAFCO funds into Fa-Hausa Ventures, a business registered in his wife’s name. Both Hanan and Faiza were signatories to the company’s bank account.
Investigators say these funds were used to purchase properties and investments in Accra, Tamale, and other locations, as well as to finance The Aludiba Foundation, which prosecutors claim was used as a conduit to launder proceeds of crime.
EOCO began investigating after receiving intelligence earlier this year that Hanan had “embezzled hundreds of millions of Ghana cedis” during his time as CEO.
He was arrested on June 25, 2025, at his residence at Chain Homes, Airport East, Accra, and later granted police inquiry bail. His wife and other associates were also arrested in coordinated operations in Tamale and Accra.
The Head of Finance at NAFCO, Richard Sam-Asante, who allegedly co-signed fraudulent cheques and facilitated some of the payments, remains at large.
Charges and Next Steps
Among the 24 counts filed, key charges include:
Stealing (Section 124(1) of Act 29)
Fraudulently causing financial loss to the Republic
Money laundering (under Act 1044)
Using public office for profit (Section 179C of Act 29)
Intentional dissipation of public funds (SMCD 140)
The case has been assigned to the High Court (Criminal Division) in Accra.
The prosecution will call multiple witnesses, including EOCO investigators and bank officials, to testify.
The matter was filed and signed by the Attorney-General on October 28, 2025.
