The High Court in Accra has granted bail to the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab Aludiba, who faces charges of allegedly stealing and causing financial loss exceeding GH¢60 million meant for the purchase and supply of food for the national school feeding component of the Free SHS program.
Aludiba appeared in court on Thursday, October 30, 2025, alongside his wife, Faiza Seidu Wuni, who prosecutors say used her company, Fa-Hausa Ventures, to launder the alleged stolen funds. The couple was granted bail totaling GH¢150 million.
According to investigators, deposits amounting to GH¢161,459,987.27 were discovered in Fa-Hausa Ventures’ bank account. Authorities allege that the funds were diverted into investment instruments, securities, and properties for the couple’s personal gain.
Both Aludiba and Wuni pleaded not guilty to 24 counts, including stealing, fraudulently causing financial loss to the state, money laundering, intentionally causing financial loss, and the dissipation of public funds, Graphic Online reported.
Defense counsel Joseph Dindiok Kpemka referenced Article 19(2)(c) of the 1992 Constitution, stressing that “a person charged with a criminal offence is innocent until proven guilty.” He argued that his clients had cooperated fully with the Economic and Organised Crime Office (EOCO) throughout the investigation and had “complied with all conditions” set by the agency.
Deputy Attorney-General Dr. Justice Srem-Sai did not oppose bail but highlighted “the gravity of the offences.”
Justice Audrey Kocuvi-Tay subsequently admitted Aludiba to bail in the sum of GH¢100 million with six sureties, four of which must be justified with landed property. Wuni received GH¢50 million bail with four sureties, three of which are to be justified with properties within the court’s jurisdiction.
The court directed all sureties to deposit copies of their Ghana Cards and update the court on any change of address. The accused are to report to investigators every Wednesday until the case concludes. The next hearing is scheduled for November 27, 2025.
The Attorney-General’s charge sheet, signed by Dr. Dominic Ayine, alleges that Aludiba and Richard Sam-Asante, NAFCO’s Head of Finance who remains at large, caused a financial loss of GH¢50,879,210 by transferring GH¢69,616,226.29 to Sawtina Enterprise, a company partly owned by NAFCO’s Regional Manager, James Tieku-Apawu.
Prosecutors claim that only 20 percent of the funds were used for legitimate supplies, with Aludiba allegedly pocketing more than GH¢50 million, resulting in significant losses to the state. They further allege he diverted an additional GH¢10 million from NAFCO to his own companies and those owned by his wife.
Investigations also revealed transactions between NAFCO and other businesses linked to Aludiba, including Aludiba Enterprise, Energy Partners Limited, and Alqarni Enterprise, none of which were licensed to trade with NAFCO.
Between February 2020 and November 2022, Aludiba is said to have deposited over GH¢13.2 million into Fa-Hausa Ventures’ account, which he co-signed despite not being a formal partner.
The Attorney-General’s findings further allege that the couple used the diverted funds to acquire properties in prime locations in Accra, Tamale, and other areas, while investing the remaining GH¢161,459,987.27 in financial instruments for personal benefit.
