The Attorney General and Minister for Justice, Dr. Dominic Ayine, has unveiled another layer of financial wrongdoing involving the former Chief Executive Officer of the National Food and Buffer Stock Company, Abdul-Wahab Hannan.
The latest revelations form part of the Government Accountability Series spearheaded by the Presidency Communications.
Dr. Ayine disclosed that investigations have uncovered a complex scheme of money laundering involving suspicious transfers totaling over GHS 40.5 million through Sawtina Enterprise, a company linked to the former CEO.
According to the Attorney General, the illicit transfers were made to various individuals and entities, raising serious concerns about financial impropriety, abuse of office, and attempts to conceal the origins of criminal proceeds.
The breakdown of the transfers is as follows:
- GHS 16,179,137.25 from Sawtina Enterprise to Hanan Abdul-Wahab
- GHS 23,913,964.90 from Sawtina Enterprise to Alqarni Enterprise
- GHS 500,000.00 from Sawtina Enterprise to Fa-Hausa Ventures
- GHS 550,000.00 from Sawtina Enterprise to Chain Homes Ghana Ltd
According to Dr. Ayine, investigations show that the former CEO used illicit funds to purchase luxury properties in Accra and Tamale, worth several million dollars and Ghana cedis.
The list of assets uncovered includes:
• A five-bedroom house at Chain Homes valued at $1.625 million
• A three-bedroom house at Cantonments worth $600,000
• Plots of land at Airport Development estimated at $750,000
• A 17-bedroom boutique hotel at Gumani in Tamale valued at $250,000
• A four-bedroom bungalow at Dworwulu, Accra, costing GHS 4,142,451
• A 0.32-acre government land purchased for GHS 307,200
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