The Economic and Organised Crime Office (EOCO) has confiscated several high-end properties, vehicles, and luxury items belonging to former National Food Buffer Stock Company (NAFCO) Chief Executive Officer, Hanan Abdul-Wahab, and his wife, Faiza Seidu Wuni, after uncovering what authorities describe as a sophisticated GH¢78 million embezzlement and money laundering operation.
Attorney General and Minister for Justice, Dr. Dominic Ayine, who disclosed this during the Government Accountability Series on Wednesday, October 22, 2025, said EOCO’s investigations established that the couple used proceeds from diverted public funds to acquire extravagant assets across the country.
“The investigations revealed that the accused diverted public funds into private accounts, purchasing a $1.6 million mansion at Chain Homes Estate, a 17-bedroom hotel, a fleet of vehicles, and 61 designer handbags valued at $248,000,” Dr. Ayine revealed.
He added that EOCO, working closely with the Financial Intelligence Centre, has already “frozen multiple bank accounts and seized assets belonging to the couple pending prosecution.”
“We have frozen all the assets of Hanan that I have listed, including a 10 million Ghana Cedis fixed deposit account at Republic Bank Labone branch—that is their liquid assets. The wife has over 61 luxury bags; he himself was buying watches, some costing as much as 1.5 million Ghana cedis and so on. We have taken note of all of them. And so, we’ve done the freezing, including those of the vehicles,” the Attorney General stated.
Dr. Ayine further confirmed that criminal proceedings have begun against the former CEO and his wife for stealing, conspiracy to steal, willfully causing financial loss to the state, money laundering, and using public office for profit.
The charges, according to him, will be formally filed by Friday, October 24, 2025.
Source: Starrfm.com.gh
