Special Prosecutor Shares Details of Assets to Be Frozen in Mustapha Hamid Corruption Case
- The Office of the Special Prosecutor released the list of properties it is freezing in the National Petroleum Authority corruption case
- The office has also said additional assets are being traced as part of investigations into the alleged corruption
- The special prosecutor, in a statement, said the assets frozen exceeded GH¢100 million and $100,000 in value
The Office of the Special Prosecutor has released the list of properties it is freezing in relation to the prosecution of former National Petroleum Authority CEO Dr Mustapha Abdul-Hamid and nine others.
According to the office, additional assets remain under active tracing as part of continuing investigations into the alleged grand extortion and money laundering scheme.
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In a statement, the special prosecutor said the assets frozen exceeded GH¢100 million and $100,000 in value.
These included real estate holdings, fuel stations, and logistics vehicles.
“Additional assets remain under active tracing as part of continuing investigations into the alleged grand extortion and money laundering scheme.”
"These actions are consistent with the OSP’s mandate under Act 959 to preserve suspected proceeds of crime pending final determination of the case by the court.”
Most of the assets are yet to be confirmed for seizure.
The other nine in the case are:
- Jacob Kwamina Amuah – Coordinator, Unified Petroleum Pricing Fund (UPPF), and MD of Propnest, Kel Logistics, and Kings Energy
- Wendy Newman – Staff, NPA
- Albert Ankrah – Director, Kel Logistics Limited
- Isaac Mensah – Director, Kel Logistics Limited
- Bright Bediako-Mensah – Director, Kel Logistics and Kings Energy Limited
- Kwaku Aboagye Acquaah – Director, Kings Energy Limited
- Propnest Limited
- Kel Logistics Limited
- Kings Energy Limited
Details of alleged corruption at the NPA
According to the special prosecutor, between 2022 and December 2024, Abdul-Hamid, Amuah, and Newman, acting under the colour of their official duties, orchestrated a criminal extortion racket that unlawfully siphoned GH¢280,516,127.19 from petroleum transporters and oil marketing companies.
The scheme was reportedly initiated by Abdul-Hamid and executed by Amuah and Newman without any lawful mandate, exploiting their authority at the National Petroleum Authority to solicit and collect payments.
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The remaining accused individuals are alleged to have collaborated with a fugitive director of Kel Logistics Limited to launder the proceeds.
The funds were allegedly used to acquire real estate, trucks for oil distribution, and to build fuel stations—part of efforts to conceal the origin of the illicit proceeds.
The special prosecutor said one Osei Tutu Adjei, a director of Kel Logistics Limited, is currently at large.
Charges against Mustapha Hamid changed
YEN.com.gh reported on October 20 that the special prosecutor amended the charges against Abdul-Hamid.
The amended charges increased from 25 counts to 54 following the discovery of fresh evidence from ongoing investigations into alleged large-scale extortion, abuse of public office, and money laundering.
The special prosecutor further claimed that the accused persons operated a coordinated scheme targeting Oil Marketing Companies and Bulk Oil Distribution Companies, with the laundered funds funnelled into luxury properties, vehicles, and fuel stations.
Abdul-Hamid has denied the claims against him.
Source: YEN.com.gh
