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General News of Saturday, 5 May 2018

Source: Starrfmonline.com

I’m ever ready with evidence – Duncan Amoah to Amidu

The Chamber of Petroleum Consumers (COPEC-GH) says it is ever ready to provide the needed evidence to assist the Special Prosecutor with investigations into the alleged financial rot at the Bulk Oil Storage and Transport (BOST) Company Limited,(BOST).

The Executive Director of the Chamber, Mr. Duncan Amoah in March this year, wrote to the Special Prosecutor praying he investigates the sale of some 1.8 million barrels of crude by BOST in September last year.

According to him, the state lost about GHS 23 million in revenue when the crude oil was sold at a discount to an unlicensed company.

“Following from extensive checks, consultations and further independent investigations on the infamous sale of about 1.8million barrels of crude by the current Managing Director, the Chamber is calling for an immediate forensic investigation by the appropriate state agencies to immediately arrest and rectify a whopping loss of over GHS23million from this single transaction. The Managing Director of the Bulk Oil Storage and Transportation (BOST) in the month of September 2017 undertook to sell off almost two parcels of crude estimated to be around 1.8milllion barrels at a discount of $2/ barrel,” COPEC said in its petition.

In a correspondence to COPEC Boss, Amoah on Thursday,May 03, 2018 and signed by the Special Prosecutor, said: “Kindly hold yourself in readiness to provide any further and better particulars of your complaint should it be required. I am, also, by a copy of this letter, informing the management about the pendency of your petition.”

The letter read in part: “I have carefully read your petition and directed that it be brought up to the appropriate division for further action as soon as it is established. I am currently trying to see to the composition of the core basic organs of the institution as provided by the law that will render it functional for the purpose for which it was established. That will hopefully be completed soonest to enable complaints like yours to receive the appropriate, prompt consideration.”

However, the COPEC Boss,Duncan Amoah has assured that his outfit will not shy away from assisting the SP get to the bottom of the alleged financial loss caused by BOST.

“Infact even before our Findings were put out, we have been ready with our convictions, and reasons and documents that informs us that something untoward has happened occasioned per the transaction,” he stressed in an interview with Accra-based Citi FM.