Dr Mustapha Abdul-Hamid, the former CEO of the National Petroleum Authority (NPA) and others have been granted bail in the sum of GH¢2 million each.
Dr. Mustapha Abdul-Hamid and others are facing charges of an alleged GH¢280 million money laundering scheme, fraud and causing financial loss to the state.
Part of Mustapha Hamid’s bail conditions requires him to provide two sureties, each earning, and to report to the OSP once every two weeks.
Jacob Kwamena Amuah, Coordinator of the Unified Petroleum Pricing Fund, and Wendy Newman were also granted bail under identical conditions. All three pleaded not guilty.
Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquah have also been granted bail of GH¢2 million each.
They are also to present three sureties and report themselves to the OSP every two weeks.
The OSP charged seven individuals and three companies in the National Petroleum Authority (NPA) GHC280m scandal.
The OSP charges stem from alleged fraud at the NPA between 2022 and December 2024.
Mustapha Hamid, Amuah, and Newman gas been alleged to have used their office to siphon GHC280,516,127.19 from petroleum transporters and oil marketing companies.
The former NPA CEO has been fingered as the mastermind and was executed by Amuah and Newman without any legal mandate.
The accused Individuals and Companies are as follows
Mustapha Abdul-Hamid – Former CEO, NPA
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
The accused person and corporate entities are facing 25 counts, including Extortion by a Public Officer, Conspiracy to Commit Money Laundering, and Money Laundering.
