- Assets of former NAFCO CEO and his wife frozen amid criminal probe
- GHS10M fixed deposit at Republic Bank seized by investigators
- AG says move aims to recover allegedly diverted state funds
The Attorney General and Minister for Justice, Dr. Dominic Ayine, has announced that the assets of former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, and his wife, Faiza Seidu Wuni, have been frozen, with steps underway to initiate confiscation proceedings.
Speaking at the Government Accountability Series on Wednesday, Dr. Ayine revealed that investigators have frozen a fixed deposit account holding GHS 10 million at Republic Bank’s Labone branch in Accra, registered in Mr. Hanan’s name.
In addition to the account, several vehicles and over 61 luxury handbags associated with the couple have also been seized as part of ongoing investigations.
Dr. Ayine stated that these measures are part of broader efforts to recover state funds allegedly misappropriated during Mr. Hanan’s time at NAFCO, and to prevent further dissipation of suspected illicit assets.
“We have frozen all these assets and will be pursuing their confiscation through the appropriate legal channels as the criminal proceedings advance,” he said.
The Attorney General confirmed that both movable and immovable assets believed to have been acquired through unlawful means are under scrutiny.
