The corridors of the Accra High Court buzzed with attention on Thursday, October 30, 2025, as the former head of the National Food and Buffer Stock Company (NAFCO), Hanan Abdul-Wahab Aludiba, and his wife, Faiza Seidu Wuni, faced the law over an alleged diversion of funds meant to supply food to senior high schools across the country.
Prosecutors claim the former CEO was involved in a massive financial scheme that drained over GH¢60 million from the state’s coffers — money originally allocated for food supplies under the Free Senior High School programme. His wife allegedly played a key role in moving the funds through her company, Fa Hausa Ventures, disguising them as legitimate business transactions.
After hearing arguments from both sides, the court approved a combined bail of GH¢150 million for the couple — GH¢100 million for Aludiba and GH¢50 million for Wuni. Each must produce multiple sureties who can justify their bonds with landed properties, while their Ghana Cards and addresses must remain on file with the court.
The pair are required to report weekly to investigators as the case unfolds. The next hearing is scheduled for November 27, 2025.
Documents filed by the Attorney-General paint a trail of transactions linking NAFCO funds to private accounts and shell businesses.
According to investigators, Aludiba and NAFCO’s Finance Head, Richard Sam-Asante, approved a transfer of GH¢69.6 million to Sawtina Enterprise, a company tied to one of NAFCO’s regional managers, James Tieku-Apawu. The money was intended to buy and deliver food items. However, only a small fraction — roughly 20% — was actually used for genuine supplies.
The rest, prosecutors say, found its way into Aludiba’s personal accounts and various companies connected to him and his wife. That single move allegedly cost the state GH¢50.8 million.
Investigations later uncovered more suspicious transactions. Between 2017 and 2019, GH¢5.49 million was paid to Aludiba Enterprise, a company owned by the accused but never licensed to do business with NAFCO.
In July 2022, another GH¢251,050 was sent to Energy Partners Limited, a firm owned 80% by Aludiba, which investigators say never supplied any goods or services.
Further scrutiny revealed payments amounting to GH¢4.4 million to Alqarni Enterprise, a business belonging to Wuni, supposedly for food deliveries that never occurred.
Between February 2020 and November 2022, deposits totaling GH¢13.2 million were made into the account of Fa Hausa Ventures, a sole proprietorship run by Wuni — but with Aludiba as a signatory.
Investigators traced the source of these funds back to NAFCO, funneled through Sawtina Enterprise, before being transferred into private investments and real estate acquisitions in Accra, Tamale, and other parts of Ghana.
Financial records revealed that Fa Hausa Ventures’ account alone contained over GH¢161 million, which was invested in various securities and financial products allegedly for personal gain.
The charge sheet lists Aludiba, Wuni, Finance Director Sam-Asante, and two of Aludiba’s companies — Aludiba Foundation and Energy Partners Limited — as the main defendants, facing 24 counts of financial and corruption-related offences.
Sam-Asante is reported to be on the run as investigators continue to follow the money trail.
The scandal has become one of the most significant corruption cases linked to the Free SHS food supply chain. What began as a programme to support Ghanaian students has now exposed a complex network of transfers, shell companies, and luxury acquisitions allegedly funded by public money.
The couple, however, remain out on bail, awaiting trial to determine whether the millions that vanished from NAFCO accounts were the result of administrative error or deliberate deceit.
