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).

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.

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

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.

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

“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.

“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.”

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.

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.