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Ex-NAFCO CEO, wife plead not guilty to 20 fresh charges over alleged GH¢70m financial impropriety

Former Chief Executive Officer of the National Food and Buffer Stock Company, Hanan Abdul-Wahab Aludiba, and his wife, Faiza Seidu Wuni, have pleaded not guilty to 20 fresh charges involving alleged financial improprieties and the misapplication of state funds.

The couple appeared before the High Court in Accra on Monday, May 18, 2026, following a new charge sheet filed by the Office of the Attorney General and Ministry of Justice on May 15, just days after earlier charges against them were withdrawn.

The fresh charges include defrauding by false pretence, wilfully causing financial loss to the Republic, stealing, money laundering, using public office for profit, dishonestly receiving, and intentional misapplication of public funds.

According to prosecutors, Mr. Aludiba allegedly fraudulently obtained GH¢734,400 from NAFCO in 2017 as rent allowance payments for a property in Tse-Addo, Accra, which investigators say had not even been constructed at the time the payments were made.

The Attorney General’s brief facts further allege that more than GH¢78 million was transferred from NAFCO accounts to a private company known as SAWTINA Enterprise between 2019 and 2023.

Investigators claim only about 20 percent of the payments were linked to legitimate food supply transactions, while the remaining funds were allegedly diverted through businesses connected to the former NAFCO boss and his wife.

The prosecution also alleges that large sums of money were transferred into accounts belonging to companies linked to the accused persons, including Aludiba Enterprise, Energy Partners Limited, Alqarni Enterprise, and Fa-Hausa Ventures.

The Economic and Organised Crime Office says investigations revealed that some of the funds were allegedly used to acquire landed properties in Accra, Tamale, and other locations, as well as investments in financial instruments valued at more than GH¢161 million.

Lawyers for the accused persons prayed the court to maintain the previous bail conditions, arguing that the couple had complied fully with earlier bail terms before the initial charges were withdrawn.

Deputy Attorney General Dr. Justice Srem-Sai did not oppose the request.

The court, presided over by Justice Francis Apangabonu Achibonga, granted bail to Mr. Aludiba in the sum of GH¢60 million and GH¢3.5 million for his wife, both with two justified sureties.

The accused persons have also been ordered to deposit their passports with the court registry and report to EOCO once every two weeks.

The case has been adjourned to May 28, 2026, for Case Management Conference.

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