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Attorney-General and Minister for Justice, Dr. Dominic Ayine, has announced that former Chief Executive Officer of the National Food and Buffer Stock Company, Abdul-Wahab Hannan, acquired several high-value properties with proceeds from alleged financial crimes.

The revelations were made during a briefing under the Government Accountability Series at the Jubilee House.

According to Dr. Ayine, investigations show that the former CEO used illicit funds to purchase luxury properties in Accra and Tamale, worth several million dollars and Ghana cedis.

The list of assets uncovered includes:

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 in Tamale valued at $250,000
A four-bedroom bungalow at Dworwulu, Accra, costing GHS 4,142,451
A 0.32-acre government land purchased for GHS 307,200

Dr. Ayine explained that the findings are part of a broader probe into a GHS 40.5 million money-laundering scheme involving Sawtina Enterprise, a company linked to Mr. Hannan.

The Attorney-General said the government is taking steps to retrieve all assets acquired through criminal proceeds and ensure accountability in the management of public funds.

“These revelations demonstrate our resolve to pursue economic crimes and recover what rightfully belongs to the people of Ghana,” Dr. Ayine said.