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Allegations of lavish assets allegedly tied to me false — Former Buffer Stock CEO

Former CEO dismisses claims of owning luxury properties and vehicles as baseless fabrications

Kojo Emmanuel by Kojo Emmanuel
October 22, 2025
in Local, Main, News
0
Former Buffer Stock CEO NAFCO EOCO

Abdul-Wahab Hanan

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Former Chief Executive Officer of the National Food and Buffer Stock Company, Abdul-Wahab Hanan Aludiba, has refuted any involvement in the alleged corruption scandal linked to the company, following revelations made by the Attorney General and Minister of Justice, Dr Dominic Ayine.

Speaking at the Government Accountability Series in Accra, Dr Ayine revealed that over GH¢40 million was allegedly transferred through Sawtina Enterprise to several individuals and entities — including Hanan — as part of what investigators suspect to be a money laundering operation during the former CEO’s tenure.

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The uncovered assets include:

  • 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, Tamale, valued at $250,000

  • A four-bedroom bungalow at Dzorwulu, Accra, costing GH¢4,142,451

  • A 0.32-acre government land purchased for GH¢307,200

In a statement released on Wednesday, October 22, 2025, former Buffer Stock CEO Hanan dismissed the Attorney General’s assertions as false and damaging to his reputation, maintaining that he has played no role in any misconduct.

“My attention has been drawn to recent statements made by the Honourable Attorney General during a press engagement, in which my name was mentioned in connection with allegations of corruption,” Hanan stated.

“I wish to state, respectfully, that these claims are untrue and do not reflect the facts of the matter.”

He further described the allegations as “deeply unfortunate,” emphasising that he has no connection to the issues currently under investigation.

Hanan added that he has retained legal counsel to review the matter and advise on the next steps to safeguard his integrity.

“I look forward to the opportunity to present my side and to have my day in court, where I am confident that the truth will be made clear,” he affirmed.

Buffer Stock properties

Tags: Abdul-Wahab HananDr. Dominic Akuritinga AyineNational Food and Buffer Stock Company
Kojo Emmanuel

Kojo Emmanuel

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