Lawyer for Strategic Mobilisation Ghana Limited (SML), Cephas Boyuo, has dismissed claims by the Office of the Special Prosecutor (OSP) that GH¢125 million is to be recovered from the company, describing the allegation as “baseless and unsupported by evidence.”

According to him, the OSP’s assertion lacks factual and legal foundation and is only fueling unnecessary public sentiment against SML.

“The OSP’s assertion that GH¢125 million is to be recovered by the state from SML has no factual and evidentiary basis. It is mere conjecture and only whips up unnecessary sentiments,” Boyuo said.

Speaking in response to the OSP’s recent report on SML’s revenue assurance contract with the Ghana Revenue Authority (GRA), Boyuo cited official correspondence from the GRA as proof that the company fulfilled all its contractual obligations.

“In fact, the latest letter from the GRA dated October 14 clearly states that SML has discharged all its duties. SML did everything required under the agreement,” he stressed.

He referred to the GRA’s confirmation that SML performed transaction audits, external price verification services, and revenue assurance in the downstream petroleum sector as stipulated in its contract.

“The Authority’s records confirm that SML Ghana Limited undertook work relating to transaction audits, external price verification services, and revenue assurance in the petroleum downstream sector. Relevant reports and technical documentation covering the work done are available for review upon request,” Boyuo said, quoting the GRA’s letter.

He further noted that evidence of all payments made to SML between January 2019 and December 2024 has been properly documented and submitted to the relevant authorities.

“All payments made to SML Ghana Limited from January 2019 to December 2024 are supported by payment schedules, and copies have been attached to the records at GRA,” he said.

The OSP’s investigation into the SML-GRA contract alleged irregularities in the company’s performance and recommended the recovery of GH¢125 million, sparking public debate over the value and transparency of the deal.

SML, however, maintains that its work helped close significant loopholes in Ghana’s petroleum revenue collection and insists that all its payments were earned in accordance with the contract.

The company’s management has pledged to cooperate with all lawful investigations while defending its reputation against what it describes as “misleading narratives.”