Proceeds from sale of fuel by BOST to Movenpinaa Energy, Zup oil 'missing' - NDC

The National Democratic Congress has alleged that proceeds from a 5 million litre contaminated oil sold by BOST to Movenpinaa Energy and Zup Oil cannot be traced in the state’s coffers.

According to the NDC, some officials of the Akufo-Addo-led government have pocketed the money with the approval of the President.

Bulk Oil Storage and Transportation Company Ltd (BOST) in 2017, is reported to have caused the country to lose some GH¢7 million in revenue for allegedly selling some five million litres of contaminated fuel at a cheap price to some two unlicensed companies namely, Movenpinaa and Zup Oil, set up days before the sale.

The committee tasked to investigate the Movenpina-Zup Oil contaminated fuel saga, found that the transaction was criminal and that, the proceeds from same has not been paid into the state coffers till date. Indeed, the committee’s report indicates that Movenpina has not paid BOST for the 471,000 litres sold through Zup Oil Limited. The committee also found out that thousands of litres of fuel which was lodged in the tanks of the NPA could not be accounted for.

Speaking on the scandal, the Communication officer of the NDC, Sammy Gyamfi, alleged that aside the transaction being criminal, the proceeds from the transaction have not been paid into the state coffers till date.

“So, not only was the transaction unlawful for breach of the Public Procurement Law and the NPA Act, but the proceeds from the sale have been pocketed by a few corrupt officials and criminal entities with the tacit approval of President Akufo-Addo.

"Indeed, the committee’s report indicates that Movenpina has not paid BOST for the 471,000 litres sold through Zup Oil Limited. The committee also found out that thousands of litres of fuel which was lodged in the tanks of the NPA could not be accounted for."

"At all times material to this transaction, Movenpinaa Energy and Zup oil had not been licensed by the NPA to trade in petroleum products in the downstream petroleum sector of Ghana. The sale of the contaminated fuel to these unlicensed companies therefore breached sections 11 and 32 of the NPA Act (ACT 691) of 2005, hence unlawful."

The NDC described the Akufo-Addo as the “biggest enabler and promoter of corruption in his government."

He said "despite promising to protect the public purse, President Nana Addo Dankwa Akufo-Addo “is indeed the leader and chief patron of this notoriously corrupt administration.”