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Zeqblog Blog of Wednesday, 22 October 2025

Source: Okine Isaac

How State Funds Built a 17-Bedroom Hotel: Inside the NAFCO Corruption Probe

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The former CEO of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab, is the primary suspect in a major corruption probe for allegedly using state funds to acquire high-value assets. This was disclosed by the Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine.

Speaking at a Government Accountability Series in Accra, Dr. Ayine revealed that the Economic and Organised Crime Office (EOCO) has traced numerous luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to be financed with illicit funds.

Abdul-Wahab and his wife were arrested on June 25, 2025. He was later granted a GH¢60 million bail, while his wife was released on a GH¢30 million bail. The opposition NPP has criticized these conditions as harsh and politically motivated, a claim the government denies.

Assets under investigation include:

A $1.625 million five-bedroom house at Chain Homes

A $600,000 three-bedroom residence in Cantonments

Plots of land at Airport Development Area worth $750,000

A 17-bedroom boutique hotel in Tamale

A GH¢4.14 million bungalow in Dzorwulu

Dr. Ayine assured that all assets proven to be purchased with stolen state funds will be confiscated by the state.