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OSP freezes over GH₵100m in assets linked to Former NPA CEO
The Office of the Special Prosecutor (OSP) has frozen assets valued at more than GH₵100 million and US$100,000 in connection with the ongoing prosecution of former Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul Hamid, and nine others.
According to a statement from the OSP, the seized properties include real estate holdings, fuel stations, and logistics vehicles believed to be connected to an alleged grand extortion and money laundering scheme.
The OSP explained that the move is in line with its powers under the Office of the Special Prosecutor Act, 2017 (Act 959), which allows the preservation of suspected proceeds of crime until a final decision is made by the court.
So far, the OSP has secured court confirmation for the seizure of several vehicles, including five HOWO SINOTRUK fuel tanker trucks and one HOWO SITRAK articulator head with fuel tanker semi-trailer.
Other assets yet to be confirmed by the court include a Mercedes Benz GLE 450, several parcels of land in Accra, Kumasi, and Tamale, and multiple filling stations under the name “Kings Energy” located at Lapaz, Dansoman, Opeikuma, and Millennium City.
Luxury apartments and developments in prime areas such as East Legon, Airport Residential, Roman Ridge, and Adenta have also been listed among the frozen properties.
These include units in The Signature Apartments, The Monarch, The Address, The Bantree, Beyond Residence, and The Atlas projects.
The OSP noted that efforts are still underway to identify and trace additional assets connected to the case as investigations continue.
The prosecution of Dr. Hamid and his associates follows what the OSP describes as a major anti-corruption drive to uncover illicit wealth acquired through abuse of public office.
More updates are expected as the case progresses in court.
By: Jacob Aggrey
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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