EX-BUFFER STOCK CEO ABDUL HANNAN AND WIFE GRANTED GH₵150 MILLION BAIL

The High Court in Accra has granted bail totaling GH₵150 million to former National Food and Buffer Stock Company CEO Hannan Abdul-Wahab and his wife, Faiza Seidu Wuni, who are facing 24 counts of financial crimes including stealing, money laundering, and dissipation of public funds.

Presiding Judge Justice Audrey Kocuvi-Tay granted Abdul-Wahab bail in the sum of GH₵100 million with six sureties, four of whom must provide landed property as collateral. His wife was separately granted bail of GH₵50 million with four sureties, three of whom must also be property owners.

Both defendants have pleaded not guilty to all charges, which involve alleged financial irregularities exceeding GH₵115 million. The court imposed strict conditions including placement on a stop-list at all entry and exit points, surrender of all passports, and mandatory weekly reporting to investigators every Wednesday.

During proceedings, Deputy Attorney-General Dr. Justice Srem-Sai acknowledged the prosecution was “not opposed to bail” but highlighted the gravity of the “white-collar crimes” and described Abdul-Wahab as “a man of substantial means with a fixed abode in a prime area of Accra” who could pose a flight risk.

Defense counsel Joseph Dindiok Kpemka countered that the couple had fully cooperated with EOCO investigations and emphasized their constitutional right to be presumed innocent until proven guilty. He argued that bail conditions should not be so stringent as to amount to denial of liberty.

The case has been adjourned for a Case Management Conference on November 27, 2025, when full disclosures are expected to be filed. The court directed that both accused persons must remain in Ghana pending the final determination of the case.

Source:NKONKONSA.com