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Home»Security»Crime»EOCO SWEEPS EX-NAFCO CARTEL …CEO, Wife, and 2 Directors Nabbed
Crime

EOCO SWEEPS EX-NAFCO CARTEL …CEO, Wife, and 2 Directors Nabbed

By newsfileghJune 26, 20253 Mins Read
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In a coordinated pre-dawn swoop that would make a blockbuster movie blush, the Economic and Organised Crime Office (EOCO) yesterday executed a lightning-fast operation in both Tamale and Accra, snaring none other than the former Chief Executive Officer of the National Buffer Stock Company (NAFCO), Alhaji Abdul Hannan-Wahab, his wife, and two other high-ranking officials of the state institution.

Sources within EOCO, have spilled the beans that the arrests went down concurrently around 11 am, after the elite operation team had painstakingly laid in ambush for a grueling eight hours. Talk about dedication!

The two other big fish caught in EOCO’s net were identified as NAFCO’s corporate affairs director and the head of the company’s operations for the three northern regions. It seems no corner of the alleged scheme was left unchecked.

Sources close to the ongoing investigation are whispering about a litany of serious allegations that would make even the most hardened criminal blush: corruption, flagrant use of public office for private gains, rampant tax evasion, sophisticated money laundering, and other egregious offenses estimated to be worth several millions of cedis.

EOCO, our sources reveal, isn’t just making arrests; they’re simultaneously tracking down assets that have mysteriously vanished from public coffers.

In a truly cinematic turn of events, Alhaji Hanan Abdul-Wahab, the erstwhile NAFCO CEO, and one of his directors found themselves in EOCO’s clutches in Tamale and Accra.

Insiders reveal these arrests are directly linked to a web of serious allegations involving corruption, brazen misappropriation, and the illicit siphoning of public funds.

It’s alleged that Alhaji Abdul-Wahab, with all the cunning of a master puppeteer, orchestrated a grand scheme, reportedly funneling millions of cedis in public funds through a private company he himself established and other companies reportedly owned by him, his wife, and his closest cronies which engaged in supplies to themselves.

This elaborate maneuver, we’re told, shamelessly ripped off the state of substantial sums that should have been used for the public good.

This latest bust is just another damning chapter in what has become a seemingly unending saga of corruption scandals that continue to plague the New Patriotic Party (NPP) and appointees within President Nana Akufo-Addo’s government.

Indeed, it feels like hardly a week passes without another high-profile figure being implicated or arrested in scandalous deals that leave the average Ghanaian seething.

From the National Signals Bureau’s boss, Kwabena Adu Boahene, to the much-maligned Sky Train debacle that never took off, the National Service Authority’s “ghost names” that somehow collected salaries, Wuntomi’s controversial Akonta Mining deals, and the still-unfolding SML scandal – the list of alleged malfeasance continues to grow longer than a politician’s promise.

The arrest of the NAFCO boss, however, marks yet another significant breakthrough in the ongoing fight against what many are now openly calling a deeply entrenched culture of corruption.

Will this be the last we hear of high-profile arrests, or is this just the tip of the iceberg? Only time, and EOCO, will tell.

By Philip Antoh

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