Money Took a Walk”: ₵61 Million Vanishes from Buffer Stock Accounts – Attorney General Exposes Trail to CEO and Associates
In a shocking revelation, the Attorney General, Dr. Dominic Ayine, has disclosed that between 2017 and 2024, a staggering sum of ₵61,023,325.53 was illicitly transferred from the bank accounts of the National Food Buffer Stock Company Limited to entities directly linked to its Chief Executive Officer, Mr. Hanan Abdul-Wahab, and some of his close associates.
According to Dr. Ayine, the transactions were orchestrated in a sophisticated manner that concealed their true purpose, raising serious questions about the management of public funds within the food security agency. The revelation forms part of an ongoing investigation into what appears to be one of the most extensive financial scandals in the company’s history.
Preliminary findings indicate that the money was not only moved through multiple accounts but also channeled into private companies and investments connected to Mr. Abdul-Wahab and his network. Sources within the Attorney General’s Department describe the operation as “a carefully planned scheme that thrived under weak oversight and internal controls.”
The Buffer Stock Company, which plays a crucial role in maintaining food reserves and supporting farmers across the country, has come under increasing scrutiny following reports of financial mismanagement and delayed payments to suppliers. Stakeholders have expressed outrage, calling for a complete forensic audit and swift legal action against all implicated individuals.
Civil society organizations have also demanded transparency from the Ministry of Food and Agriculture and urged government agencies to recover every pesewa lost through what many are calling “an organized drain on the public purse.”
While Mr. Abdul-Wahab has yet to publicly comment on the allegations, legal analysts suggest that if proven true, the charges could lead to significant criminal prosecutions involving money laundering, conspiracy, and misappropriation of state funds.
As investigations deepen, Ghanaians are watching closely — wondering how over ₵61 million meant for national food reserves could simply “take a walk” from the nation’s coffers into private hands.