BOST report reveals acts of crime in contaminated Movenpina-Zup oil deal

BOST report reveals acts of crime in contaminated Movenpina-Zup oil deal

- Acts of crime were committed in a deal between the former BOST management and two oil companies

- The deal involved the sale of contaminated oil to buyers between September 2017 and August 2018

- Two oil companies involved in the act were Movenpina and Zup Oil Limited

The former management of the Bulk Oil Storage and Transportation (BOST) Limited has been described as complicit in a contaminated fuel saga involving Movenpina and Zup Oil Limited.

In the year 2017, BOST came under attack over its decision to sell five million litres of contaminated fuel to Movenpina.

Movenpina, YEN.com.gh has learnt, was however incorporated about a month after it negotiated the deal with BOST.

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This, per a report by Myjoyonline.com, was done without a license from the National Petroleum Authority (NPA).

Following a public uproar, BOST set up a nine-member committee, led by the Chief Executive Officer for the Chamber for Bulk Oil Distribution Companies (BODC), Senyo Horsi, to review off-spec products at BOST as a result of the contamination at the Accra plains depot.

According to the report, Zup Oil Limited, represented by its managing director, David Azupio, confirmed receipt of 471,000 litres in its facilities and allegedly blended it with dirty lubricant oils.

He further indicated that the blended output was sold to various buyers between September 2017 and August 2018.

According to Zup Oil, it believed it was entitled to trade the products without recourse to BOST, as it had paid Movenpina for the products and was not a customer of BOST.

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However, it was reported that Movenpina has not paid BOST for the 471,000 litres sold through Zup Oil Limited.

Secondly, the committee also found out that thousands of litres in the tank locked by the NPA could not be accounted for.

According to the committee, on November 27, 2018, a total of 862,875lts of the 5million litres of contaminated fuel could not be unaccounted for.

The committee however admitted that there must have been some evaporation, but found the volume loss of about 17.16% unusual.

It was also unable to conclusively determine what the causes may be, but does not rule out the possibility of human interference and mismanagement.

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Source: Yen

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