Audio By Carbonatix
Former Deputy Energy Minister K.T. Hammond is to be summoned before the Judgment Debt Commission for giving conflicting accounts in various radio interviews and as to how an oil shipping drill of the Ghana National Petroleum Coporation (GNPC) was sold in 2001.
The ship was sold for $24 million but the whereabouts of $3.5 million balance taken from an escrow account to be deposited in government of Ghana's coffers still remains a mystery.
Mr K.T. Hammond had said apart from paying $19.5 million dollars of the $24m to Societe Generale in judgment debt, $3.5 million was paid to the Finance Ministry, and $1 million was used in settling other debts including fees for government's counsel.
But officials of the Energy Ministry and GNPC previously told the Judgment Debt Commission they cannot confirm claim that $3.5m was paid to the Finance Ministry because there was no official documentation covering the transaction.
The Commissioner Justice Yaw Appau on Monday noted that K. T. Hammond’s role in the sale of the oil shipping drill was confusing.
Justice Yaw Appau commented: "September 24, 2001 was when new (GNPC) board was appointed so when it was sold there was no board. So we cannot tell specifically who took the decision to sell, if there were no board in place then it could not have been the board.
"....the former deputy minister [K.T. Hammond] said on radio that he was directed by president [kufuor] to go and sell the ship and defray the cost...in another vein he said he was given the power of attorney to sell by the GNPC. If there was no board then who granted the power of attorney to sell?"
Lawyer for the Commission, Dometi Sokpor told Joy News that K. T. Hammond would soon be summoned to answer questions over the transaction.
"Everybody whose presence is needed here to clarify issues that are bothering our mind, we will invite that person...but for now it is KT Hammond who is talking so he would be invited first."
Though it is not clear when the former deputy minister would appear before the commission, Mr Sokpor affirmed Mr Hammond would "definitely" come before them.
But K.T Hammond has again told Joy News he doesn't recollect saying that President Kufuor gave him the power of attorney. The power was rather given to him by the then Acting Managing Director of GNPC Dr A. Ofori Acquah, he said.
President Kufuor only directed the Energy Ministry to reshape the highly indebted GNPC, he clarified.
He said he has been informed that in such transactions monies paid to the Finance Ministry would be forwarded to the Controller and Accountant General's Department, and was sure the whereabouts of the $3.5 million was traceable.
He also declared his readiness to assist the Commission to demystify the mystery.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gov’t has made significant gains in galamsey fight – RCOMSDEP Coordinator
10 minutes -
Kwame Akuffo urges Ghana to address local xenophobia while condemning attacks abroad
16 minutes -
Abirem MP demands a unified African response to Xenophobic attacks in South Africa
30 minutes -
South African authorities have pledged to tackle perpetrators of xenophobic attacks – Ghana’s High Commission
35 minutes -
AU must act on Xenophobic attacks against Ghanaians in South Africa – Ken Ashigbey
38 minutes -
S.A. xenophobia attacks: President Mahama must engage Ramaphosa – Ken Ashigbey
38 minutes -
Volta River Authority extends Employee Volunteer Programme to SOGASCO
41 minutes -
Damang mine takeover: Council of Imams in Ashanti region backs Ibrahim Mahama
52 minutes -
From Awareness to Action: CFLE Africa drives Youth Financial Empowerment at 5th National Conference
1 hour -
Lilian Chipeso and Goshers: From banter to a celebration of African unity
1 hour -
Your mouth is also your office: A word to public officials on the danger of careless speech
1 hour -
Stay loyal despite frustrations over contracts — Asiedu Nketia to NDC supporters
2 hours -
Possible power outages loom as Akosombo substation repairs continue – Deputy Energy Minister
2 hours -
GETFund injects GH¢ 400m into KNUST Teaching Hospital project
2 hours -
Support traditional leadership for peace and development – Otumfuo
2 hours