George Abradu-Otoo, the Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), has broken his silence following the Attorney General’s announcement of criminal proceedings against former CEO, Abdul-Wahab Hanan.
According to George Abradu-Otoo, the National Food and Buffer Stock has caused reputational damage to the organisation.
Speaking in an interview, he stated, “It’s unfortunate. This company has suffered reputational damage that we must work hard to repair. We’ve received calls from all over the world asking what happened. I wasn’t here at the time, and I won’t comment extensively because the matter is sub judice. It’s currently before the courts”.
“One of the reasons we set up this audit committee was to address gaps in oversight. Previously, there wasn’t a structure like this in place, which allowed management too much latitude. That’s something I’m committed to correcting,” he emphasised.
He further revealed reforms happening at NAFCO, adding that they have recruited seasoned professionals to lead its Internal Audit and Procurement Departments.
According to him, for the first time in NAFCO’s 15-year history that such legal and structural requirements are being properly instituted.
Hanan Abdul-Wahab is at the centre of a major corruption scandal involving the alleged acquisition of high-value properties.
The Attorney General, Dr Ayine, accused Hanan Abdul-Wahab of acquiring luxury assets by misappropriating public funds during his tenure.
According to the Attorney General, the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab.
Speaking at the press briefing on Wednesday, October 22, 2025, Dr Dominic Ayine detailed, “As is typical of all investigations conducted by the EOCO, contemporaneous tracing of the proceeds of crime has been undertaken and can confirm that the couple purchased a number of high-end real estate properties from their ill-got wealth”.
“Five-bedroom house bought from Chain Homes Limited between February 2019 and December 2020 at a cost of $1,625,000. Of this amount, Ghs5,758,165.00 (equivalent to $230,841.00) was paid directly from the accounts of the investigated entities. The balance was paid in cash to Chain Homes by the couple.
In July 2020, the couple purchased a 3-bedroom house at Cantonments from Golden Coast Developer Ltd at a cost of $600,000.00 using two of their companies- Fa-Hausa Ventures (owned by the wife) and Fa-Hausa Company Limited (owned jointly by the couple). The land documents are registered in the name of the wife”.
Between October 2019 and February 2021, the couple purchased plots at Finali’s Airport development site for USD $750,000.00. The total payments were made in cash in the name of Faiza Seidu Wuni. Subsequently, in July 2021, Faiza Seidu Wuni signed a contract with a construction company, Mendanha and Sousa Construction Ltd, at a cost of USD$691,650.00 to construct the shell and core of the building. This excludes the cost of architectural designs from Ansara Architecture Pty Ltd, based in South Africa. The building sitting on three plots is now estimated to be valued at about USD$2,5000,000.00.
The couple purchased 0.32-acre government land from one Anthony Duke Essien, a known government land sales agent named in both the demolition of the Nigerian High Commission and the Sale and demolition of the Bulgarian Consulate. Duke Essian used his sister Antoinette Tsiboe Darko, a staff of the Danquah Institute, as a front, to purchase from the Ministry of Lands and the Land Commission at a price of Ghs307,200. Duke Essien then instantly sold the land to Hanan Abdu-Wahab and received about Ghs2,567,000.00.
The payment came from the criminal proceeds from Buffer Stock through Sawtina Enterprise, through Alqarni Enterprise and Hanan himself to Anthony Duke Essien. On the instruction of his brother, Duke Essien, Antoinette then wrote to the Land Commission in March 2020 to instruct them that the lease should be in the name of Hanan Abdul-Wahab.
In May 2020, she made a U-turn and wrote to the Lands Commission to withdraw the documents bearing the name of Hanan Abdul-Wahab and now replace it with his wife, Faiza Seidu Wuni. The couple developed four units of 4-bedroom apartments on the said land. The property is yet to be valued”.
The Attorney General further detailed that he has frozen all these assets and will be taking steps to have them confiscated by the state in the course of the criminal proceedings.