The Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed fresh findings in the ongoing corruption probe against former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, exposing a suspected money laundering network involving over GHS40.5 million in illicit transfers.
The revelations were made during Wednesday’s session of the Government Accountability Series, an initiative led by the Presidency’s communications team to promote transparency in governance and public sector oversight.
Dr. Ayine disclosed that investigations have traced a series of suspicious financial transactions funneled through Sawtina Enterprise, a company closely linked to the embattled former CEO. The funds, he said, were moved to various individuals and entities, in what investigators believe was a deliberate scheme to conceal proceeds of crime and abuse public office.
The alleged money laundering transactions include:
GHS16,179,137.25 from Sawtina Enterprise to Abdul-Wahab Hanan (himself)
GHS23,913,964.90 from Sawtina Enterprise to Alqarni Enterprise
GHS500,000.00 from Sawtina Enterprise to Fa-Hausa Ventures
GHS550,000.00 from Sawtina Enterprise to Chain Homes Ghana Ltd
According to Dr. Ayine, these financial flows raise serious red flags about potential attempts to launder misappropriated public funds through seemingly legitimate business channels.
“These transactions point to a well-orchestrated scheme of laundering illicit funds and concealment of criminal proceeds,” the Attorney General said. “We are treating this as a serious case of financial crime, and those responsible will be held accountable.”
This development adds another layer to the mounting legal challenges facing Abdul-Wahab Hanan, who is already under investigation for allegedly diverting state resources to amass a portfolio of luxury assets, including a GHS10 million fixed deposit, high-end vehicles, multiple properties, and 61 designer handbags.
The Attorney General confirmed that all identified assets linked to Mr. Hanan and his wife have been frozen, and steps are being taken to confiscate them permanently under Ghana’s anti-money laundering and asset recovery laws.
The government has vowed to pursue the case to its full conclusion as part of a wider crackdown on public sector corruption and illicit enrichment. Further charges and asset recovery actions are expected as investigations continue.
, Abdul-Wahab Hanan, exposing a suspected money laundering network involving over GHS40.5 million in illicit transfers.){kind=link}