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Home Politics

Ex-Buffer Stock CEO Misled Bank with wrong Court Order to Withdraw Frozen Funds-Attorney General

EFO MAWUGBE by EFO MAWUGBE
July 8, 2026
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Ex-Buffer Stock CEO Misled Bank with wrong Court Order to Withdraw Frozen Funds-Attorney General
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The Attorney General has alleged that former CEO of the National Food Buffer Stock Company, Hanan Abdul-Wahab, presented a court order lifting a freeze on his landed properties.

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Dr Dominic Ayine argued that this was done as though it also applied to his frozen bank accounts, in an attempt to withdraw money from them.
The allegation is contained in an affidavit filed in support of an application seeking to revoke the court’s earlier decision granting Mr Hanan leave to travel outside the country.
The affidavit was sworn by EOCO Assistant Staff Officer Radiatu Abdulai.

According to the court filing, two separate freezing orders dated July 14, 2025, and July 28, 2025, froze all bank accounts belonging to Mr Hanan and his alleged accomplices.
Despite those orders remaining in force, the Attorney General says Mr Hanan attempted to withdraw all the money in the affected accounts after obtaining the court’s permission to travel.

The affidavit alleges that, in an effort to convince his bankers that the accounts had been unfrozen, Mr Hanan presented a court ruling which “purported to defreeze the account.”

However, the Attorney General argues that a review of the ruling showed it related only to a freezing confirmation order on a different category of assets.
“The said ruling was in respect of the court freezing confirmation order of a completely different set of assets, namely, landed properties and not the said bank accounts,” the affidavit states.
According to the filing, bank officials became suspicious and immediately alerted the Office of the Attorney General and the Economic and Organised Crime Office (EOCO) investigators

The Attorney General contends that the incident gives rise to a reasonable suspicion that Mr Hanan either breached a court freezing order or was about to commit an offence by attempting to do so.
The affidavit further argues that the development also raises concerns that he may fail to comply with the court’s order requiring him to return to stand trial, forming the basis for the application to revoke his travel permission.
Mr Hanan is standing trial over allegations of stealing and causing financial loss to the state exceeding GH¢70 million

The application to revoke his travel leave is scheduled to be heard by the Accra High Court on Thursday, July 16, 2026, at 9 a.m

Tags: Abdul HananAttorney GeneralEx buffer stock CEO

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