The former Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has publicly declared his willingness to cooperate with the Office of the Special Prosecutor (OSP) regarding an ongoing investigation into an alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF).
This comes after the Special Prosecutor, Kissi Agyebeng, announced during a press conference on Wednesday, February 12, 2025, that Mustapha Abdul-Hamid and three other individuals are under investigation for suspected financial mismanagement related to the petroleum fund.
The UPPF, a crucial mechanism in Ghana’s petroleum sector, is designed to ensure uniform fuel pricing across the country by covering transportation costs for oil marketing companies.
Shortly after the announcement, Mustapha Hamid took to social media to acknowledge the probe, affirming that he had not yet received any official summons or invitation from the OSP or any other state investigative body.
However, he pledged his full cooperation should he be required to assist in any inquiries.
“My attention has been drawn to an announcement by the Special Prosecutor, Mr. Kissi Agyebeng, that I am under investigations for some alleged embezzlement of funds at the Unified Petroleum Price Fund (UPPF) during my tenure as the Chief Executive of the National Petroleum Authority.
