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Buffer Stock Scandal: Allegations by AG are False and Damaging – Former CEO

Former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCo), Abdul-Wahab Hanan Aludiba, has strongly denied any involvement in the alleged GH¢40 million corruption and money laundering scandal linked to the company, following disclosures made by the Attorney General and Minister of Justice, Dr Dominic Ayine.

Speaking at the Government Accountability Series in Accra earlier this week, Dr Ayine revealed that investigations had traced suspicious financial transfers totalling over GH¢40 million through Sawtina Enterprise, allegedly to several individuals and entities, including the former CEO. The transactions, according to investigators, are being probed as part of a broader money laundering scheme that allegedly occurred during Hanan’s tenure at NAFCo.

However, in a press statement issued on Wednesday, October 22, 2025, Hanan vehemently refuted the allegations, describing them as false, misleading, and damaging to his reputation.

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

Hanan further described the accusations as “deeply unfortunate” and maintained that he has no connection to any of the transactions currently under investigation.

The former NAFCo boss disclosed that he has engaged legal counsel to review the matter and determine appropriate legal steps to protect his integrity and reputation.

“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 added.

The National Food and Buffer Stock Company has been under scrutiny in recent months following reports of financial irregularities and alleged mismanagement of funds intended for food supply and storage programmes.

Meanwhile, the Attorney General’s office has assured the public that ongoing investigations will be conducted thoroughly and transparently, with findings to be made public upon completion.

Hanan’s firm denial adds a new layer of complexity to an unfolding corruption probe that has captured national attention and raised questions about financial accountability within Ghana’s public sector.

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