The Attorney General and Minister for Justice, Dr. Dominic Ayine, has announced the freezing of assets belonging to the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, and his wife, Faiza Seidu Wuni, as part of ongoing investigations into alleged financial misconduct during Mr. Hanan’s tenure.
Speaking at the Government Accountability Series in Accra on Wednesday, Dr. Ayine disclosed that investigators have frozen a GHS10 million fixed deposit account in Mr. Hanan’s name at Republic Bank’s Labone Branch in Accra. Several vehicles and over 61 luxury handbags linked to the couple have also been seized.
“We have frozen all these assets and will be taking steps to have them confiscated by the state in the course of the criminal proceedings,” Dr. Ayine stated.
Asset Seizures and Alleged Acquisitions
The asset freeze is part of broader efforts by the state to recover allegedly misappropriated public funds and prevent the concealment or dissipation of suspected illicit wealth.
According to the Attorney General, investigators have identified numerous properties believed to have been acquired with diverted state resources, including:
A 17-bedroom boutique hotel in Gumani, Tamale, operated under the brand of Villa Monticello through a $250,000 franchise deal signed via Fa-Hausa Company Limited, allegedly to mask true ownership.
A 4-bedroom bungalow in Dzorwulu, Accra, valued at GHS4,142,451.00.
A three-storey commercial building (Chicken Republic) located at Estate Junction, Tamale.
A 5-bedroom mansion at Kanvili, Dorado Street, Tamale.
A 3-bedroom house in Kpalsi, Tamale.
A one-storey residential building at No. 10 Selby Gardens, Achimota, Accra.
A 27-acre plot of land at Estate Junction, Tamale.
A 29-acre plot near Workers College, Tamale.
The Attorney General indicated that the government will pursue full confiscation of these assets pending the outcome of the criminal proceedings.
This development forms part of a broader initiative to strengthen accountability and transparency in the public sector, with particular focus on clamping down on corruption and illicit enrichment by public officials.
Further details are expected as the case progresses.
, Abdul-Wahab Hanan, and his wife, Faiza Seidu Wuni, as part of ongoing investigations into alleged financial misconduct during Mr. Hanan’s tenure.){kind=link}