The former Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has expressed his willingness to engage with the Office of the Special Prosecutor (OSP) in connection with an ongoing probe into the alleged misappropriation of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF).

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This follows an announcement by Special Prosecutor Kissi Agyebeng during a press briefing on Wednesday, February 12, 2025, where he disclosed that Mustapha Abdul-Hamid, along with three others, is under investigation for potential financial misconduct involving the petroleum fund.

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The UPPF plays a vital role in Ghana’s petroleum sector, ensuring price uniformity nationwide by subsidizing transportation costs for oil marketing firms.

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Responding to the OSP’s disclosure, Mustapha Abdul-Hamid took to social media to acknowledge the inquiry, clarifying that he has yet to receive any formal notification or summons from the OSP or any other state investigative institution.

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Nonetheless, he assured his full willingness to cooperate with authorities if called upon.

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“My attention has been drawn to an announcement by the Special Prosecutor, Mr. Kissi Agyebeng, that I am under investigations for some alleged embezzlement of funds at the Unified Petroleum Price Fund (UPPF) during my tenure as the Chief Executive of the National Petroleum Authority.

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“As at this afternoon, I have neither received any invitation by any State investigative body nor have I been under investigation for any such alleged crime. However, I am willing to avail myself to assist in any investigations of the alleged embezzlement of funds.”

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The Special Prosecutor disclosed that the probe involves four individuals, among them Jacob Amoah, the UPPF Coordinator, as well as NPA officials Wendy Ashong Newman and Freda Tandoh.

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The claims suggest that during Mustapha Hamid’s tenure, a considerable sum from the UPPF may have been mismanaged, resulting in potential financial inconsistencies in the petroleum industry.

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