The Attorney General and Minister for Justice, Dr Dominic Ayine, has revealed that the assets of the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, and his wife, Faiza Seidu Wuni, have been frozen as part of ongoing investigations into alleged financial misconduct during his tenure.

Addressing journalists at the Government Accountability Series on Wednesday, 22nd October, Dr Ayine stated that investigators had frozen a fixed deposit account belonging to Mr Hanan at the Republic Bank, Labone Branch, containing GHS10 million.

He added that several vehicles and more than 60 designer handbags linked to the couple had also been seized. According to the Attorney General, these measures form part of broader efforts to recover funds suspected to have been misappropriated and to prevent further dissipation of assets deemed to be proceeds of crime.

“We have frozen all these assets and will take the necessary legal steps to have them confiscated by the state in the course of the criminal proceedings,” Dr Ayine noted.

Preliminary investigations, he disclosed, had uncovered several high-value properties allegedly acquired by the couple, including:

• A 17-bedroom boutique hotel at Gumani, Tamale, registered under Fa-Hausa Company Limited, which reportedly entered a $250,000 franchise deal with Villa Monticello to conceal ownership.
• A four-bedroom bungalow at Dzorwulu, Accra, valued at GHS4,142,451.00.
• A three-storey commercial building housing Chicken Republic at Estate Junction, Tamale.
• A five-bedroom mansion at Kanvili, Dorado Street, Tamale.
• A three-bedroom house at Kpalsi, Tamale.
• A one-storey building at No. 10 Selby Gardens, Achimota, Accra.
• A 27-acre parcel of land at Estate Junction, Tamale.
• A 29-acre land near Workers College, Tamale.