OSP raises charges against Mustapha Hamid, nine others to 54 over GH¢297m scandal

The Office of the Special Prosecutor (OSP) has amended the charge sheet in the high-profile corruption case involving former Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, and nine others, increasing the counts from 25 to 54 after uncovering new evidence.

The updated charge sheet outlines 54 criminal counts against officials of the NPA and several associated companies for alleged extortion, abuse of public office, and money laundering amounting to GH¢297,574,087.19 and US$332,407.47.

According to the OSP, the accused persons allegedly extorted hundreds of millions of cedis and foreign currency from Bulk Oil Distribution Companies (BDCs) and Oil Marketing Companies (OMCs) under the guise of performing official duties, before laundering the proceeds through property acquisitions and business entities to conceal their illicit origins.

The individuals charged include Dr. Mustapha Abdul-Hamid, Jacob Kwamina An-wan, Wendy Newman, Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquaah.
The corporate entities charged are Propnest Limited, Kel Logistics Limited, and Kings Energy Limited.

The OSP has also confirmed the seizure and freezing of assets belonging to the accused persons, including tanker trucks, fuel stations, houses, apartments, and parcels of land valued at over GH¢100 million, pending trial.

Investigations reveal that the accused allegedly operated a coordinated scheme targeting OMCs and BDCs, with laundered funds reportedly channeled into luxury properties, vehicles, and fuel stations.

The case, which has attracted nationwide attention, has been adjourned to August 26, 2025, for substantive hearings to commence.

On July 23, 2025, Dr. Abdul-Hamid was granted bail in the sum of GH¢2 million in connection with the ongoing extortion and money laundering case. As part of his bail conditions, he is required to produce two sureties, each earning a net monthly salary of at least GH¢5,000, with the amounts to be justified.

He is also mandated to report to the OSP once every two weeks as investigations and court proceedings continue.

Dr. Abdul-Hamid, who is the first accused, and his co-defendants are alleged to have engaged in the large-scale corruption scheme between 2022 and 2024, during which vast sums of money were siphoned through fraudulent means within the petroleum sector.

Read also…