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
-
Trump says progress made in Ukraine talks but ‘thorny issues’ remain
16 minutes -
Fear and confusion in Nigerian village hit in US strike, as locals say no history of ISIS in area
24 minutes -
Health Minister calls for collective action to fast-track Western North’s development
36 minutes -
Mahama Ayariga leads NDC delegation to Bawku ahead of Samanpiid Festival
5 hours -
Edem warns youth against drug abuse at 9th Eledzi Health Walk
9 hours -
Suspension of new DVLA Plate: Abuakwa South MP warns of insurance and public safety risks
9 hours -
Ghana’s Evans Kyere-Mensah nominated to World Agriculture Forum Council
10 hours -
Creative Canvas 2025: King Promise — The systems player
10 hours -
Wherever we go, our polling station executives are yearning for Bawumia – NPP coordinators
10 hours -
Agricultural cooperatives emerging as climate champions in rural Ghana
10 hours -
Fire Service rescues two in truck accident at Asukawkaw
10 hours -
Ashland Foundation donates food items to Krachi Local Prison
11 hours -
Akatsi North DCE warns PWD beneficiaries against selling livelihood support items
11 hours -
Salaga South MP calls for unity and peace at Kulaw 2025 Youth Homecoming
12 hours -
GPL 2025/2026: Gold Stars triumph over Dreams in five-goal thriller
13 hours
