• Sun. Mar 1st, 2026

Ex-Buffer Stock CEO Abdul Hannan and Wife Granted GH₵150 Million Bail

Accra, Ghana — The High Court in Accra, presided over by Justice Audrey Kocuvi-Tay, has granted bail totaling GH₵150 million to former National Food and Buffer Stock Company (NAFCO) Chief Executive Officer, Abdul-Wahab Hannan, and his wife, Faiza Seidu Wuni, who are both facing multiple corruption-related charges.

The couple is standing trial on 24 counts of stealing, defrauding by false pretenses, intentional dissipation of public funds, money laundering, and using public office for profit. They have both pleaded not guilty.

Under the court’s ruling, Mr. Hannan Abdul-Wahab was granted bail in the sum of GH₵100 million with six sureties, four of whom must be justified with landed property. The court further ordered that he be placed on a stop-list at all entry and exit points in Ghana.

Each surety is required to submit a copy of their Ghana Card and update the court on any change of address. Additionally, the former CEO must report to the investigator every Wednesday until the case is fully determined, while the investigator is to file a monthly compliance report.

His wife, Faiza Seidu Wuni, was separately granted GH₵50 million bail with four sureties, three of whom are to be justified with landed property within the court’s jurisdiction. She has also been ordered to surrender all passports and report to the investigator every Wednesday.

The court has directed that all disclosures be filed by November 27, 2025, ahead of the Case Management Conference (CMC).

During proceedings, Deputy Attorney-General Dr. Justice Srem-Sai told the court that the prosecution was “not opposed to bail” but urged the judge to consider the gravity and financial magnitude of the alleged offenses, which involve over GH₵115 million.

He described the case as a “white-collar crime”, warning that Mr. Hannan, being “a man of substantial means with a fixed abode in a prime area of Accra,” could pose a flight risk.

In defense, Counsel Joseph Dindiok Kpemka argued that both accused persons had fully cooperated with the Economic and Organised Crime Office (EOCO) and never absconded during investigations.

“When bail was granted at EOCO, they abided by all the terms. It was a shock that the sureties presented were found to be forged; we could not have verified that,”
Joseph Kpemka, Counsel for the Accused

He further cited Article 19(2)(c) of Ghana’s 1992 Constitution, emphasizing that “a person is presumed innocent until proven guilty,” and appealed to the court not to impose bail conditions that would amount to a denial of bail.

The court has adjourned the case to November 27, 2025, for further proceedings.

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