The Tema Development Company Limited (TDC) has been rocked with a shocking scandal, prompting the Managing Director of the company, Courage Kafui Nunekpeku, to seek out the Economic and Organised Crime Office (EOCO) to investigate some of the company’s past activities.
During a staff durbar of TDC, the new MD who had gone through the company’s books and done an extensive assessment of all the company’s departments and realized a number of discrepancies in TDC’s expenditure.
“In the coming days, there are going to be a lot of investigations. This morning, I wrote two letters to EOCO to come and look into something at the IT department. IT contracts were awarded for one million dollars, and we don’t have access to that software, so EOCO will intervene in it,” he said.
He added he had also written another letter to EOCO to look into another issue which he wanted to remain discrete about, the issue which is suspected to be an amount of Ghc45,000 spent on washing curtains at the residence of former Managing Director.
Courage Kafui Nunekpeku told the company’s staff with information or are involved in some underhand dealings in the past years to voluntarily approach him with the needed information instead of waiting to be found out.
Mr. Nunepkeku cautioned that “if you don’t come, and we do investigations and find out, I won’t accept any pleas, whether you were a polling agent or have worked in the company for years, because you have been given the opportunity today.”
He further announced that the company would not purchase new vehicles for management staff but would rather buy Urvan buses, a backhoe, a dumper, and a tipper truck, as those were more helpful in the enhancement of TDC.
He called on all staff to cooperate with management in turning the fortunes of the TDC, reminding them that private estate companies are making it; therefore, TDC, with its huge assets and the backing of the state, could be turned into a world-class company.
“There is no way we are going to do this if we are not into it and being intentional about it. We need all of your support to move as a team. It’s not about how much money you want to make; if it’s about that we can make good money in the private sector, but per the instructions we received from the President, TDC should be fixed; if not, the likes of TMA and State Housing Corporation would absorb it,” he stressed.
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The MD of TDC Ghana, Kafui Nunekpeku, has disclosed that the company’s IT department signed a $1 million contract for software that is now untraceable. He also revealed that GHS 45,000 was spent on washing curtains at the residence of former MD, Alice Abena Ofori Atta. pic.twitter.com/5BU89gQJEo— Ghana Chronicles (@_GhChronicles) April 6, 2025
