Alleged GH¢1.3bn embezzlement at NPA,OSP investigates former CEO Dr. Mustapha Hamid

The Office of the Special Prosecutor (OSP) has officially commenced investigations into an alleged embezzlement of GH¢1.3 billion from the National Petroleum Authority (NPA).

At a press conference on Wednesday, February 12, Special Prosecutor Kissi Agyebeng announced that his office is looking into suspected corruption and corruption-related offenses regarding funds misappropriated from the Unified Petroleum Pricing Fund (UPPF), which is a mechanism designed to stabilise petroleum prices across the country.

Kissi Agyebeng indicated that the investigation primarily targets four individuals including Jacob Amoah who is the Coordinator of the Unified Petroleum Pricing Fund (UPPF), Wendy Ashong Newman, Freda Tandoh, and the former NPA CEO Mustapha Abdul-Hamid.

“The OSP has commenced investigations into suspected corruption and corruption-related offenses in respect of an alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF) at the National Petroleum Authority (NPA).

“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.”

Mustapha Abdul Hamid was appointed to the NPA in 2021 and served in the role until early 2024.

During his tenure, the NPA was responsible for regulating petroleum product pricing, ensuring fuel quality standards, and managing the UPPF.