The High Court in Accra has granted bail to former Chief Executive Officer of the National Food and Buffer Stock Company Limited (NAFCO), Hanan Abdul-Wahab Aludiba, who has been accused of allegedly stealing and causing financial loss of over GH¢60 million meant for the purchase and supply of foodstuff for the national school feeding component of the Free Senior High School programme.
Aludiba is standing trial with his wife, Faiza Seidu Wuni, who has been accused of using her business, Fa Hausa Ventures, to allegedly launder the said stolen money.
They have been admitted to bail in a combined sum of GH¢150 million.
They appeared before the court for the first time on Thursday, Oct 30, 2025.
According to investigators, they found a total of GH¢161,459,987.27 in Fa Hausa Ventures’ account, which the two allegedly invested in money instruments and other securities and investments products for their personal use and benefit.
Bail hearing
Aludiba and Wuni pleaded not guilty to multiple counts of stealing, fraudulently causing financial loss to the state, money laundering, dishonestly receiving, intentionally causing financial loss to the state, dissipation of public funds among others while they appeared before Justice Audrey Kocuvi-Tay.
Their lawyer, Joseph Dindiok Kpemka referred the court to Article 19(2)(c) of the 1992 constitution which stipulates that a person charged with a criminal offence is innocent until proven guilty.
He added that his clients, who had people to stand as surety for them, had complied with all conditions set by the Economic and Organised Crime Office during investigations and as such, were willing to attend court proceedings to clear their names.
The Deputy Attorney-General, Dr Justice Srem-Sai, did not oppose the bail but drew the court’s attention to the gravity of the offences.
Bail conditions
After listening to both sides, Justice Kocuvi-Tay admitted Aludiba to bail in the sum of GH¢100 million with six sureties, four to be justified with landed property.
His wife, Wuni, was admitted to bail in the sum of GH¢50 million with four sureties, three to be justified with landed property within the jurisdiction.
The six sureties are to deposit copies of their Ghana card.
The sureties have also been charged with the responsibility of updating the court as and when there is a change in their addresses.
Meanwhile, the accused persons are to report to investigators every Wednesday until the final determination of the matter.
The case has been adjourned to November 27, 2025.
Background
Per the charge sheet signed by the Attorney-General and Minister of Justice, Dr Dominic Ayine, Aludiba, and the Head of Finance, Richard Sam-Asante who are the signatories to NAFCO’s account, allegedly caused financial loss of GH¢50, 879,210 to the state by transferring GH¢69,616,226.29 to Sawtina Enterpise, a company which has a Regional Manager of NAFCO, James Tieku-Apawu as its shareholder.
Sawtina Enterpise was supposed to buy and supply foodstuff to NAFCO but after receiving the GH¢69,616,226.29, the A-G alleged that only 20 per cent of the money was actually used by Tieku-Apawu for genuine supplies with Abdul-Wahab, receiving more than GH¢50 million directly, leading to financial loss to the state.
In addition to the GH¢50, 879,210, Aludiba, is alleged to have also stolen an extra GH¢10 million from NAFCO.
He is alleged to have transferred the moneys to his other companies and that of other businesses of his wife, Faiza Seidu Wuni.
In all, Aludiba, his wife, Wuni, Sam-Asante, and two of Aludiba’s corporate entities — Aludiba Foundation, a non-governmental organisation, and Energy Partners Limited, a company in which he owns 80 per cent are facing 24 counts of offences.
The Finance Director of NAFCO, Sam-Asante is currently on the run.
Discovery
Aside from the over GH¢50 million, the A-G said investigations discovered that between February 2017 and February 2019, GH¢5,495,748.36 was paid from NAFCO funds to Aludiba Enterpise, a business owned by the NAFCO boss.
The A-G said further investigations also established that Aludiba Enterpise, is not a NAFCO licenced buying company and has never traded or dealt with NAFCO.
Again, in July 2022, NAFCO transferred GH¢251,050 into a bank account of Energy Partners Limited although the company, according to the A-G, has never rendered any services or supplied any goods to NAFCO.
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