The Attorney-General (AG) has revealed a series of alleged money-laundering transactions involving the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Mr. Hanan Abdul-Wahab.
According to official figures released under the Government Accountability Series by Presidency Communications, the transactions were made through Sawtina Enterprise to several entities and individuals, amounting to GHS 40,493,102.15.
The breakdown is as follows:
- Sawtina Enterprise to Hanan Abdul-Wahab — GHS 16,179,137.25
- Sawtina Enterprise to Alqarni Enterprise — GHS 23,913,964.90
- Sawtina Enterprise to FA-Hausa Ventures — GHS 500,000.00
- Sawtina Enterprise to Chain Homes Ghana Ltd — GHS 550,000.00
The Attorney-General’s revelation forms part of ongoing efforts to trace and investigate financial irregularities and suspected corruption within state institutions.
Further investigations are expected to determine the source and purpose of the funds, and whether they constitute violations under Ghana’s Anti-Money Laundering Act.
Neither Mr. Abdul-Wahab nor the entities mentioned have publicly responded to the allegations as of now.
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