Audio By Carbonatix
The legal team of Dr. Mustapha Abdul-Hamid, the former CEO of the National Petroleum Authority (NPA), has issued a rebuttal to the corruption charges filed by the Office of the Special Prosecutor (OSP).
The team asserts their client has not been formally served with court documents despite widespread media reports of a 25-count indictment.
In a press statement dated July 17, 2025, Hay & Partners At Law declared: "As at the time of issuing this press statement, our client has not been charged before any court of competent jurisdiction. We are yet to sight any charge sheet."
The legal team emphasised their client's readiness to contest what they describe as unsubstantiated allegations vigorously.
The dispute centres on dramatically different narratives between the prosecution and defence. While the OSP alleges Abdul-Hamid conspired with NPA officials to extort GH¢280.51 million from oil marketing companies between 2022 and 2024, his lawyers highlight what they term a pattern of shifting accusations.
The defence noted that initial OSP claims in February 2025 alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF), which later transformed into accusations of UPPF mismanagement and procurement breaches, before finally settling on the current extortion charges involving a significantly smaller amount.
Abdul-Hamid's legal representatives presented audited financial records showing substantial growth in NPA accounts during his tenure.
According to their submission, the UPPF grew from GH¢53.2 million in 2021 to GH¢1.14 billion by December 2024, while the Price Differential Margin account recovered from a negative GH¢18.4 million to a positive GH¢470.6 million over the same period.
"Our client served the nation with utmost integrity and competence," stated lawyer Hanifa Yahaya, citing widespread industry recognition of Abdul-Hamid's leadership. The defence maintains these financial improvements contradict allegations of misconduct.
The OSP's case alleges a complex scheme where Abdul-Hamid allegedly received GH¢24 million directly, with GH¢227.23 million routed through NPA staff member Wendy Newman.
Prosecutors claim the funds were laundered through three companies - Propnest Ltd, Kel Logistics, and Kings Energy - to acquire real estate, fuel trucks, and construct petrol stations.
Eight other individuals and three corporate entities face related money laundering charges, with one accused, Osei Tutu Adjei, currently evading authorities.
The case represents one of Ghana's most significant corruption prosecutions in recent years, testing the effectiveness of the country's anti-corruption framework.
As the legal battle looms, Abdul-Hamid's team remains defiant: "Our client categorically denies initiating or being involved in any extortion scheme... and further denies receiving any personal benefit."
Latest Stories
-
Anti-LGBTQ Bill: Forget the rumour mongers, I’m a man of action, and will pass the bill – Speaker
25 seconds -
Women and children among those killed in Sudanese army shelling of wedding celebration
4 minutes -
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
22 minutes -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
41 minutes -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
41 minutes -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
44 minutes -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
48 minutes -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
1 hour -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
1 hour -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
2 hours -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
2 hours -
Nigeria convicts 386 Islamist militants in mass trials
2 hours -
Djibouti president wins election with 97.8% of vote, state media says
2 hours -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
2 hours -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
2 hours