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Former NAFCO CEO challenges EOCO over unlawful asset freeze

Former National Food Buffer Stock Company boss takes legal action, accusing EOCO of overstepping its authority in freezing his assets

Kojo Emmanuel by Kojo Emmanuel
December 8, 2025
in Main, News, Politics
0
Buffer Stock properties NAFCO EOCO

Abdul-Wahab Hannan

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Former Chief Executive of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, has petitioned the High Court to overturn a freezing order issued against four properties allegedly linked to him.

He contends that the Economic and Organised Crime Office (EOCO) made a legal error by targeting assets he either acquired before taking office or does not own.

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In his affidavit, Hanan listed the assets affected by the order dated October 21, 2025, including:

  • 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

The former NAFCO boss insisted that EOCO obtained the freezing order ex parte, contrary to his constitutional right to be heard, and without meeting the statutory requirements under sections 33–35 of the Economic and Organised Crime Act, 2010 (Act 804).

He stated that EOCO acted unreasonably by freezing assets with no link to his time in office or any alleged offences. He identifies the three-bedroom house at Kpalsi as acquired in 2011 and completed in 2013—years before joining NAFCO.

Hanan said the house hosted part of his Islamic marriage ceremony and argued it cannot be considered “tainted property” or linked to proceeds of any alleged wrongdoing.

The former NAFCO CEO further claims EOCO wrongly attributed ownership of two other properties to him:

An uncompleted storey building at Gumani, in which he says he has no interest

A 0.27-acre plot at Estate Junction, Tamale, which he says belongs to Al-Qarni Enterprise

He added that the land was transferred in 2022 to OSGAF Furniture Enterprise, long before EOCO’s investigations began. He insists these properties were frozen without “any legal or factual basis whatsoever.”

Earlier, he 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.

The former Buffer Stock CEO, Hanan, dismissed the AG’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.

He added: “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.

Tags: Abdul-Wahab HananEconomic and Organised Crime OfficeNational Buffer Stock Company
Kojo Emmanuel

Kojo Emmanuel

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