Dr. Mustapha Abdul-Hamid, the former Chief Executive of the National Petroleum Authority (NPA), has met his bail conditions of sum of GH¢2 million in connection with the ongoing GH¢280 million extortion and money laundering case brought by the Office of the Special Prosecutor (OSP).
As part of his bail conditions, Dr. Abdul-Hamid was required to produce two sureties, each earning a net monthly salary of not less than 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 proceedings continue.
Dr. Abdul-Hamid is the first accused in a high-profile case involving ten individuals and corporate entities accused of orchestrating a large-scale corruption scheme within the petroleum sector between 2022 and 2024.
His other co-accused still remain in detention as they struggle to meet their bail conditions which is same as Dr. Hamid’s. Sources told MyNewsGh.com they are struggling to meet the bail conditions because they are required to present three sureties, with at least one backed by landed property.
Jacob Kwamena Amuah, Coordinator of the Unified Petroleum Pricing Fund, and Wendy Newman, an NPA employee who all pleaded not guilty to charges including conspiracy to commit extortion, extortion by a public officer, use of public office for profit, and money laundering remain on remand.Â
Four other individuals—Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquah—have also been granted bail of GH¢2 million each are also on remand pending bail.Â
The accused are alleged to have collectively benefited from a scheme that targeted Oil Marketing Companies (OMCs) and Bulk Oil Distribution Companies (BDCs), with laundered funds allegedly funnelled into luxury properties, vehicles, and fuel stations.
