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The Office of the Special Prosecutor has revised the charge sheet in the ongoing corruption case against former National Petroleum Authority Chief Executive, Dr. Mustapha Abdul-Hamid, and nine others. The charges have increased from 25 to 54 counts after investigators uncovered additional evidence of alleged large-scale extortion, abuse of public office, and money laundering.
The accused allegedly extorted huge sums from bulk oil transporters and oil marketing companies under the guise of official duties, before laundering the proceeds through property purchases and business ventures to disguise their illicit origins. Specifically, the accused allegedly extorted GH¢297,574,087.19 and US$332,407.47.
The OSP has confirmed the seizure and freezing of assets belonging to the accused persons, including tanker trucks, filling stations, residential properties, and parcels of land valued at over GH¢100 million. Investigators allege that the group operated a coordinated network targeting Oil Marketing Companies and Bulk Motor Distribution Companies, channeling the proceeds into luxury real estate, vehicles, and petroleum businesses.
The accused persons include Dr. Mustapha Abdul-Hamid, Jacob Kwamina Amuah, Wendy Newman, Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquaah. The corporate entities named in the case are Propnest Limited, Kel Logistics Limited, and Kings Energy Limited.
Dr. Abdul-Hamid was granted bail set at GH¢2 million on July 23, with conditions including reporting to the OSP fortnightly. The case has been adjourned to November 13, 2025, for substantive hearings. The OSP alleges that between 2022 and 2024, Dr. Abdul-Hamid and his associates orchestrated a wide-reaching corruption scheme within the petroleum sector, siphoning vast sums of money through fraudulent transactions and concealment mechanisms.
epos MBN360 News
