Ex-Buffer Stock CEO and wife granted GH₵150m bail

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Ex-Buffer Stock CEO and wife

Hannan Abdul-Wahab and his wife, Faiza Seidu Wuni, have both been granted bail totalling GHS150 million in the Buffer Stock trial.

Hannan Abdul-Wahab and his wife, Faiza Seidu Wuni, pleaded not guilty to 24 counts of stealing, defrauding by false pretences, intentional dissipation of public funds, money laundering, and using public office for profit.

The case was presided over by Justice Audrey Kocuvi-Tay at the High Court in Accra.

Hannan Abdul-Wahab was granted bail in the sum of GHS100 million with six sureties; he is to four with landed property. The court also ordered him to be placed on a stop-list at all entry and exit points in the country.

Faiza Seidu Wuni, the second accused, was separately granted bail in the sum of GHS50 million with four sureties.

Three of whom are to be justified with landed property within the Court’s jurisdiction.

Also, both are expected to deposit copies of their Ghana Cards and are required to inform and update the Court of any change in address.

Additionally, the accused must report to the investigator every Wednesday until the final determination of the case.

The high court directed that disclosures be filed by 27th November at 9:00 a.m.

Dr Justice Srem-Sai, the Deputy Attorney-General during the trial, did not oppose bail, but asked the Court to take into account the gravity and nature of the offences.

He labelled them as white-collar crimes involving more than GHS115 million.

Joseph Dindiok Kpemka, the counsel for the accused, urged the Court to grant bail, arguing that both suspects are a married couple with young children and have fully cooperated with EOCO investigations

Meanwhile, the case has been adjourned for a Case Management Conference on November 27, 2025.

Additionally, Dr Dominic Akuritinga Ayine, the Attorney General and Minister of Justice, has filed twenty-four criminal charges against the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab Aludiba, and four others.

Hanan Abdul-Wahab Aludiba and four others have been accused of offences involving stealing, money laundering, and causing financial loss to the state.

The court documents filed at the Accra High Court mention Hanan Abdul-Wahab Aludiba, Faiza Seidu Wuni, Richard Sam-Asante (currently at large), The Aludiba Foundation, and Energy Partners Limited as the accused persons.

Hanan Abdul-Wahab and his wife, and three others, have been charged with multiple offences, including stealing, money laundering, and causing over GHC 300 million in financial loss to the state.

The five are facing 24 counts of various offences, which include “stealing, conspiracy, defrauding by false pretences, and the willful dissipation of public funds, in violation of the Criminal Offences Act, 1960 (Act 29) and the Anti-Money Laundering Act, 2020 (Act 1044)”.

The charge sheet filed by the AG alleged that Abdul-Wahab, as NAFCO CEO from February 2017 to February 2025, diverted over GH¢50.8 million of company funds under the guise of payments to a supplier.

Abdul-Wahab also transferred an additional GH¢5.49 million to his own company, Aludiba Enterprise, for the supply of food items to NAFCO.

Co-accused Faiza Seidu Wuni is alleged to have laundered more than GH¢13.2 million through her firm, Fa-Hausa Ventures, and caused a further GH¢4.4 million loss to the state.

The Aludiba Foundation and Energy Partners Limited, linked to Abdul-Wahab, have also been charged with receiving and laundering proceeds.

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