Tuesday, 19 May

Former NAFCO CEO, wife face new charges over alleged multi-million cedi fraud

News
Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni

Former Chief Executive Officer of the National Food and Buffer Stock Company, Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni, have been hit with fresh criminal charges following a new legal action by the Office of the Attorney General and Ministry of Justice over alleged financial irregularities involving millions of Ghana cedis.

Court documents filed at the High Court in Accra on May 15, 2026, indicate that the couple is facing 20 counts linked to alleged misconduct during Mr. Abdul-Wahab’s period as head of NAFCO.

The charges include stealing, defrauding by false pretences, abuse of public office for personal benefit and money laundering.

The latest development comes days after the couple was re-arrested by the Economic and Organised Crime Office following their discharge in an earlier case by the High Court.

Their re-arrest attracted significant public attention and reignited debate over alleged financial dealings at the state-run agency.

According to prosecutors, Mr. Abdul-Wahab allegedly secured GH¢734,400 from NAFCO in 2017 under claims that the funds were meant for rent payments covering a two-year period between May 2017 and May 2019.

The prosecution argues that the payments were made under suspicious circumstances as part of an alleged scheme to improperly benefit from public resources while serving in public office.

The Attorney General’s office further alleges that between September 2018 and August 2019, more than GH¢3.34 million was channelled to Alqarni Enterprise, a company reportedly owned by Faiza Seidu Wuni.

Investigators claim the payments were linked to food supply contracts that are now being challenged as fraudulent.

Court filings suggest the transactions were presented as legitimate procurement arrangements, although investigators believe the contracts lacked proper basis and were allegedly used to divert state funds for private gain.

Prosecutors also contend that attempts were made to conceal the source of the funds, resulting in the additional money laundering charges contained in the new charge sheet.

 

Source: Classfmonline.com/Zita Okwang