Accra, Ghana – Authorities in Ghana are intensifying their investigation into a sprawling corruption scandal involving the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan.
Reports emerged today, October 24, 2025, alleging that Hanan allegedly siphoned off millions from state funds, using the proceeds to acquire a portfolio of lavish properties. Among the assets listed are a $1.625 million five-bedroom luxury home and a $600,000 three-bedroom residence, sparking outrage across the nation as the case unfolds.
The Office of the Special Prosecutor (OSP) has uncovered evidence linking Hanan and his wife to a sophisticated scheme that diverted over GH¢78.2 million intended for fertilizer procurement. The investigation has revealed a network of seven entities allegedly used to launder the stolen funds, with properties spanning Accra and Tamale, including a 17-bedroom boutique hotel.
Attorney-General Dominic Ayine has pledged to seize all confirmed assets, labeling this one of the largest single corruption cases in Ghana’s history, with total pursued funds now exceeding GH¢127 million.
Public reaction has been swift, with social media platforms buzzing as citizens demand accountability. An infographic circulating online, credited to GhanaTrends.com, details the alleged acquisitions, fueling widespread discussions.
Ghana Probes Multi-Million Dollar Corruption Scandal Involving Ex-NAFCO CEO
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These are the properties allegedly acquired by Ex Buffer stock boss with stolen state funds. pic.twitter.com/eUCqQAvhVi— GhanaTrends.com (@GhanaTrendsInc) October 24, 2025
The case has drawn comparisons to past scandals, highlighting ongoing challenges in combating financial misconduct within public institutions. Authorities are working to trace additional assets as the legal process advances.
The government is now faced with deciding the fate of the confiscated properties, a process that may involve selling or repurposing them for public use. Dr. Ayine emphasized that the Attorney-General’s office will pursue the matter rigorously, ensuring justice for the Ghanaian people. As the investigation deepens, this high-profile case is set to reshape anti-corruption efforts, with the OSP playing a pivotal role in recovering the misappropriated wealth.
