The Office of the Special Prosecutor (OSP) has launched an investigation into former National Petroleum Authority (NPA) Chief Executive Mustapha Abdul-Hamid over allegations of GH¢1.3 billion embezzlement from the Unified Petroleum Pricing Fund (UPPF).

Speaking at a press briefing on Wednesday, February 12, Special Prosecutor Kissi Agyebeng confirmed that his office is probing suspected corruption and corruption-related offenses tied to the misappropriation of funds meant to regulate fuel price stability across the country.

“The OSP has commenced investigations into suspected corruption and corruption-related offenses in respect of an alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF) at the National Petroleum Authority (NPA).

“The investigation primarily targets the following persons: the coordinator of the UPPF, Jacob Amoah, NPA’s staff Wendy Ashong Newman, NPA’s staff Freda Tandoh, and a former Chief Executive of the NPA, Mustapha Abdul-Hamid.”

Mustapha Abdul-Hamid, who led the NPA from 2021 until early 2024, oversaw the regulation of petroleum product pricing, fuel quality assurance, and the management of the UPPF. The OSP’s inquiry seeks to uncover the extent of financial irregularities and hold accountable those responsible for any wrongdoing.