Mustapha Abdul-Hamid, former CEO of the National Petroleum Authority
The Office of the Special Prosecutor (OSP) has launched an investigation into the former Chief Executive Officer of the National Petroleum Authority (NPA), Mustapha Abdul-Hamid, and three others over an alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF).
The fund is designed to facilitate the efficient nationwide distribution of petroleum products and stabilize fuel prices.
Speaking at a press briefing in Accra on Wednesday, February 12, 2025, Special Prosecutor Kissi Agyebeng announced that his office is probing suspected corruption and related offenses linked to the misappropriation of funds from the UPPF.
According to Agyebeng, the investigation targets four individuals including, Mustapha Abdul-Hamid, former NPA CEO; Jacob Amoah, Coordinator of the UPPF; Wendy Ashong Newman; and Freda Tandoh.
“The OSP has commenced investigations into suspected corruption and corruption-related offenses concerning an alleged embezzlement of GH₵1.3 billion from the Unified Petroleum Pricing Fund (UPPF) at the National Petroleum Authority (NPA),” Kissi Agyebeng stated.
Mustapha Abdul-Hamid served as CEO of the NPA from 2021 until early 2024.
During his tenure, the authority was responsible for regulating petroleum product pricing, ensuring fuel quality standards, and managing the UPPF.
SSD/MA