OSP Charges Former NPA CEO Mustapha Abdul-Hamid, Others in GH¢280m Extortion and Money Laundering Scheme
The Office of the Special Prosecutor (OSP) has charged seven individuals, including former National Petroleum Authority (NPA) CEO Mustapha Abdul-Hamid, and three companies—Kel Logistics, Kings Energy, and Propnest Ltd.—with 25 counts of extortion, conspiracy to commit money laundering, and money laundering in a GH¢280 million scandal.
The charges, filed on July 17, 2025, in the Accra High Court, stem from investigations launched in November 2024 into the diversion of public funds in the petroleum sector between 2022 and December 2024
The OSP alleges that Abdul-Hamid, alongside Jacob Kwamina Amuah, Coordinator of the Unified Petroleum Pricing Fund (UPPF), and NPA staff member Wendy Newman, orchestrated a scheme to extort payments from petroleum transporters and oil marketing companies without lawful authority.
The OSP uncovered GH¢280,516,127.19 in illicit proceeds, with Amuah allegedly transferring GH¢24 million directly to Abdul-Hamid and channeling GH¢227.2 million through Newman.
The remaining accused, directors of the named companies, are said to have laundered the funds through property acquisitions, fuel station construction, and the purchase of 22 fuel haulage trucks
The scheme involved threats, coercion, bribery, and regulatory pressure to enrich the perpetrators, who also established competing oil marketing companies. One suspect, Osei Tutu Adjei, a director of Kel Logistics, is currently a fugitive.
The accused are in custody and will appear in court to enter their pleas. Special Prosecutor Kissi Agyebeng reaffirmed the OSP’s commitment to combating corruption “without fear or favour,” with further details on assets and recoveries to be disclosed as the case progresses
