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Mustapha Hamid responds to Special Prosecutor’s GH¢1.3bn fraud allegation

February 12, 2025
in Headline, News, Top Story
Mustapha Hamid responds to Special Prosecutor’s GH¢1.3bn fraud allegation

Mustapha Hamid

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Former Chief Executive Officer of the National Petroleum Authority (NPA), Mustapha Abdul-Hamid, has expressed surprise over being under investigation  by the Office of the Special Prosecutor (OSP) over alleged embezzlement of funds from the Unified Petroleum Price Fund (UPPF) during his tenure.

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According to Mustapha Hamid indicated that he had not received any formal invitation from any state investigative body, nor had he been informed of being under investigation for any crime.

Despite this, he expressed his willingness to cooperate fully with any investigation into the matter.

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“As at this afternoon, I have neither received any invitation by any State investigative body nor have I been under investigation for any such alleged crime. However, I am willing to avail myself to assist in any investigations of the alleged embezzlement of funds,” he sated

The statement comes after the Special Prosecutor, Mr. Kissi Agyebeng, reportedly disclosed that Abdul-Hamid and three others were being probed for GH₵ 1.3 billion financial irregularities linked to the United Petroleum Pricing (UPPF), a fund meant to ensure uniform petroleum pricing across the country.

Kissi Agyebeng at a press conference on Wednesday, February 12 made this known.

“The investigation primarily targets the following persons: the coordinator of the UPPF, Jacob Amoah, NPA’s staff Wendy Ashong Newman, NPA’s staff Freda Tandoh, and a former Chief Executive of the NPA, Mustapha Abdul-Hamid”, he added.

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Tags: GH₵ 1.3 billionMustapha Abdul-HamidOSP
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