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Former Buffer Stock CEO Denies Involvement in Alleged Corruption Scheme

The former Chief Executive Officer of Ghana’s National Food and Buffer Stock Company has pushed back against allegations of corruption and money laundering leveled against him by the country’s Attorney General, calling the claims “false” and “damaging.”

Abdul-Wahab Hanan Aludiba issued a statement Wednesday refuting assertions made by Attorney General and Minister of Justice Dr. Dominic Ayine, who earlier this week alleged that more than GH¢40 million (approximately $3.2 million) was funneled through a company called Sawtina Enterprise to individuals and entities — including Hanan — in what investigators suspect to be a money laundering operation tied to Hanan’s tenure at the Buffer Stock Company.

“My attention has been drawn to recent statements made by the Honourable Attorney General during a press engagement, in which my name was mentioned in connection with allegations of corruption,” Hanan said in the statement. “I wish to state, respectfully, that these claims are untrue and do not reflect the facts of the matter.”

The remarks by the Attorney General came during a session of the Government Accountability Series held in Accra, part of a broader anti-corruption push by the Ghanaian government. Dr. Ayine suggested that investigators had uncovered financial irregularities involving the use of Buffer Stock funds during Hanan’s leadership.

Hanan, who served as CEO during a key period in the company’s operations, said he has retained legal counsel to assess the allegations and determine appropriate legal remedies.

“These allegations are deeply unfortunate,” he said. “I have no connection to the matters currently under investigation. I look forward to the opportunity to present my side and to have my day in court, where I am confident that the truth will be made clear.”

The National Food and Buffer Stock Company, established to stabilize food prices and support farmers, has come under increasing scrutiny in recent months amid concerns over financial mismanagement and delays in payments to suppliers.

Government officials have not indicated whether formal charges will be brought, but the investigation remains ongoing.

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