Former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Tsatsu Tsikata, would later Tuesday be questioned by the Judgement Debt Commission over the controversial sale of the corporation’s drill ship in 2001.

It was during Mr. Tsikata time that the corporation entered into an oil hedging transaction with French multinational bank, Societe Generale, that went bad.

The GNPC's Discoverer 511 was sold for $24 million to defray a judgement debt owed to Societe Generale as a result the bad hedging deal.

Although the bank was in 2001 paid $19.5 million in judgement debt after Mr. Tsikata exited office, documents on the payment are unavailable. Societe Generale claims it does not have any such a document covering the transaction.

The remaining $3.5 million  can also not be traced.

Mr. K.T. Hammond, who was Deputy Energy Minister during the sale of the ship on Monday presented to the Sole Commissioner, Justice Yaw Apau, a 65-page document which he claimed indicated how the $3.5 million was disbursed.

Another key figure in the transaction, Energy Minister at the time, Albert Kan-Dapaah also gave his side of the story Monday at the Commision.

He explained that after consultation with experts, government had no option than to sell the drillship.

However, Lawyer for the Commission, Kofi Dometi Sokpor, told Joy News Mr Tsikata would be quizzed on issues leading to the sale of the drill ship.

He said Mr Tsikata will not be talking about the sale, "but he will be talking about developments leading to the sale of the drillship. It was during his time that the matter went to court".

Mr Kofi Dometi Sokpor is confident the Commission is close to uncovering the shroud on the sale the GNPC drillship.