Former Buffer Stock Boss, Abdul-Wahab to be Charged for Money Laundering by Attorney General

He explained that the funds were transferred to several individuals and organizations in what appears to be an attempt to hide the true source of the money. The Attorney General added that the case points to possible financial misconduct and abuse of office.

The Attorney General and Minister for Justice, Dr. Dominic Ayine, has revealed details of alleged financial misconduct involving the former Chief Executive Officer of the National Food and Buffer Stock Company, Abdul-Wahab Hannan.

The new findings were shared on Wednesday, October 22, as part of the Government Accountability Series led by the Presidency’s Communications Directorate.

Dr. Ayine said investigations have exposed a money laundering scheme in which over GH₵40.5 million was moved through Sawtina Enterprise, a company linked to the former CEO.

He explained that the funds were transferred to several individuals and organizations in what appears to be an attempt to hide the true source of the money. The Attorney General added that the case points to possible financial misconduct and abuse of office.

“Between 2017 and 2024, a total of GHS 61,023,325.53 was transferred from Buffer Stock bank accounts to entities linked to Mr. Abdul-Wahab and his associates,” Dr. Dominic Ayine stated.

He indicated that his outfit will soon file charges of stealing, conspiracy to steal, willfully causing financial loss to the state and other charges against the former CEO of Buffer Stock Company under the erstwhile Akufo-Addo administration.

transfers of money laundering
The breakdown of the Money Laundering transfers by the former Buffer Stock Boss.

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