OSP Takes Control of Multi-Million Cedi Assets in GH¢291m Petroleum Sector Extortion Case

The Office of the Special Prosecutor (OSP) has confirmed that it has seized and is currently managing a wide range of high-value assets linked to the ongoing prosecution of former National Petroleum Authority (NPA) Chief Executive Officer, Dr Mustapha Abdul-Hamid, and nine other accused persons.

The disclosure is contained in the OSP’s 2025 Half-Yearly Report, signed by the Special Prosecutor, Kissi Agyebeng. According to the report, the assets form part of exhibits in the criminal case The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025), which is pending before the Criminal High Court in Accra.

The seized assets include four fuel stations located at Opeikuma, Dansoman, Abeka Lapaz and Millennium City in Accra, as well as a cash amount of GH¢951,995.56. The OSP has also taken control of several parcels of land across the country, including property in Tamale valued at GH¢9.93 million, land at Haatso worth GH¢2.737 million, Danyame in Kumasi valued at GH¢4.766 million, and additional land at Adenta, which is yet to be valued.

In addition, the Office is managing several high-end residential properties in prime areas of Accra. These include a two-storey residential building at East Legon valued at GH¢12.7 million, alongside luxury apartments located at Airport Residential Area, Boundary Road, Roman Ridge and Adjiringanor, each valued at several million cedis.

Further assets under OSP management include six-unit residential blocks at Agbogba valued at GH¢10 million, 23 fuel tanker trucks, and a number of uncompleted apartment developments situated in Airport City and Roman Ridge.

Separately, the OSP revealed that it has seized luxury vehicles valued at GH¢18.6 million in connection with its investigations into the Minerals Income Investment Fund (MIIF). These vehicles include a Rolls-Royce Mansory Phantom, Mercedes-Benz Maybach S680, Mercedes-Benz Brabus 800, Toyota Land Cruiser LC300, Lexus LX600, and two Fiat bullion vans.

The asset seizures follow criminal charges brought against Dr Abdul-Hamid and nine others, including former and current officials of the NPA, as well as three private companies. The accused persons are alleged to have conspired to extort more than GH¢291 million from players in the petroleum sector.

According to the prosecution, the accused, acting between December 2022 and December 2024, unlawfully obtained GH¢291,574,087.19 and US$332,407.47 from bulk oil transporters and oil marketing companies, despite allegedly having no lawful authority to demand or collect such payments.

Those standing trial alongside Dr Abdul-Hamid include Jacob Kwamina Amuah, former Coordinator of the Unified Petroleum Pricing Fund (UPPF); Wendy Newman, an audit staffer at the NPA; and Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah and Kwaku Aboagye Acquaah. The companies cited in the case are Propnest Limited, KEL Logistics Limited and Kings Energy Limited.

The case remains before the High Court as the OSP continues its asset tracing, seizure and prosecution efforts, in line with its mandate to recover the proceeds of corruption and corruption-related offences.

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