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Mustapha Hamid, Others Charged over GHC280 Million Extortion and Money Laundering Scheme

Aba Aikins Appah by Aba Aikins Appah
11 months ago
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Mustapha Hamid, Others Charged over GHC280 Million Extortion and Money Laundering Scheme
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The Office of the Special Prosecutor of Ghana (OSP) has filed criminal charges against seven individuals and three companies connected to a major corruption scheme involving GHC 280 Million at the National Petroleum Authority (NPA).

The OSP announced this in a statement issued on July 17, 2025 naming the former NPA CEO, Mustapha Abdul-Hamid, Jacob Kwamina Amuah, Coordinator of the Unified Petroleum Pricing Fund (UPPF) at NPA and Managing Director of three corporate entities-Propnest, Kel Logistics and Kings Energy.

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The other accused Persons include:

  • Wendy Newman – NPA staff
  • Albert Ankrah – Director, Kel Logistics Limited
  • Isaac Mensah – Director, Kel Logistics Limited
  • Bright Bediako-Mensah – Director, Kel Logistics and Kings Energy Limited
  • Kwaku Aboagye Acquaah – Director, Kings Energy Limited
  • Propnest Limited
  • Kel Logistics Limited
  • Kings Energy Limited

According to the statement, Mustapha Abdul-Hamid, Jacob Kwamina Amuah and Wendy Newman orchestrated a criminal extortion scheme, unlawfully collecting GHC280,516,127.19 from petroleum transporters and oil marketing companies.

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“The scheme, initiated by Abdul-Hamid and implemented by Amuah and Newman, lacked any lawful mandate and exploited their positions within the NPA,” part of the statement read.

From the proceeds, Amuah is alleged to have handed GHC24 million directly to Abdul- Hamid between January and December 2024. An additional GHC227.2 million was channelled through Newman under Amuah’s direction for further disbursement.

Investigations further revealed that the fourth to seventh accused persons, in collaboration with a fugitive director of Kel Logistics Limited, created and utilized Propnest Ltd., Kel Logistics Ltd., and Kings Energy Ltd. as vehicles for laundering the illicit proceeds. The laundered funds were used to purchase and construct houses, acquire trucks for an oil distribution business, and build fuel stations—all as part of efforts to conceal and disguise the origin of the criminal proceeds.

The OSP disclosed that the accused persons face a combined 25 counts including exortion by a public officer, money laundering, and conspiracy to commit money laundering.

Read the full statement below

READ ALSO: Freddie Blay Endorses Bawumia for 2028 Polls, Calls for Calm Over NPP Reforms

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