Abdul-Wahab Hanan, a former Chief Executive Officer (CEO) of the National Food and Buffer Stock Company (NAFCO), has run to court seeking the High Court to overturn EOCO’s freezing of his properties.
According to Abdul-Wahab Hanan, EOCO acted in error of law and wrongfully tagged properties he either acquired before his appointment or does not own.
The Ex-Buffer Stock CEO argued that EOCO obtained the freezing order ex parte, contrary to his constitutional right to be heard, and without meeting the statutory requirements under sections 33–35 of the Economic and Organised Crime Act.
In his affidavit dated October 21, 2025 the Ex-Buffer Stock CEO listed,
“Three-bedroom house, GPS Address NS-056-9690, Kpalsi, Tamale
Uncompleted storey building, GPS Address NR-151-7759, Gumani, adjacent to Baobab Guest House, Tamale
0.27-acre plot, GPS Address NS-320-6111, Estate Junction, Dagomba Street, Tamale
0.29-acre plot, GPS Address NR-000-8199, Workers College, Tamale”, as properties wrongfully tagged to him before his appointment or does not own.
According to Citi News, the Ex-Buffer Stock CEO argued that, “EOCO acted unreasonably by freezing assets with no link to his time in office or any alleged offences. He identifies the three-bedroom house at Kpalsi as acquired in 2011 and completed in 2013, years before joining NAFCO. Hanan noted that the house hosted part of his Islamic marriage ceremony and argued it cannot be considered “tainted property” or linked to proceeds of any alleged wrongdoing.
Hanan further claims EOCO wrongly attributed ownership of two other properties to him: An uncompleted storey building at Gumani, in which he says he has no interest. A 0.27-acre plot at Estate Junction, Tamale, which he says belongs to Al-Qarni Enterprise
He added that the land was transferred in 2022 to OSGAF Furniture Enterprise, long before EOCO’s investigations began. He insists these properties were frozen without any legal or factual basis whatsoever”.
Meanwhile, it will be recalled, Dr Dominic Akuritinga Ayine, the Attorney General and Minister of Justice, 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.
Also, 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.