Mustapha Abdul-Hamid Responds to OSP Allegations
By: Isaac Boamah Darko
In a surprising turn of events, Mustapha Abdul-Hamid, the former Chief Executive of the National Petroleum Authority (NPA), has publicly addressed allegations of embezzlement of funds related to the Unified Petroleum Price Fund (UPPF). The announcement comes in light of a statement made by Special Prosecutor Mr. Kissi Agyebeng, who indicated that Abdul-Hamid is under investigation for alleged financial misconduct during his tenure.
In a statement released this afternoon, Abdul-Hamid expressed his surprise at the allegations, asserting that he has not been formally notified by any state investigative body regarding the matter. “As of this afternoon, I have neither received any invitation by any State investigative body nor have I been under investigation for any such alleged crime,” he stated.
Despite the serious nature of the allegations, Abdul-Hamid emphasized his willingness to cooperate fully with any investigations. “I am willing to avail myself to assist in any investigations of the alleged embezzlement of funds,” he declared, underscoring his commitment to transparency and accountability.
The UPPF, which is designed to stabilize fuel prices in the country, has been a focal point of financial scrutiny, and the recent allegations have raised questions about the management of the fund during Abdul-Hamid’s leadership. As the investigation unfolds, many are watching closely to see how this situation will develop.
The Special Prosecutor’s office has yet to provide further details regarding the investigation or the basis for the allegations. Abdul-Hamid’s statement may serve to mitigate concerns among stakeholders in the petroleum sector, as he seeks to clarify his position and maintain his reputation amid the unfolding controversy.
As the public awaits further updates, the case highlights the ongoing challenges of governance and accountability in the management of national resources. The implications of this investigation could have significant ramifications for the individuals involved and the broader petroleum industry in the country.