OSP Takes Control of Multi-Million Cedi Assets Linked to GHS 291m Petroleum Sector Extortion Case
The Office of the Special Prosecutor (OSP) has disclosed that it has seized and is currently managing multiple high-value properties, fuel stations, cash holdings, vehicles and apartments linked to the ongoing criminal prosecution of former National Petroleum Authority (NPA) Chief Executive Officer, Dr Mustapha Abdul-Hamid, and nine other accused persons.
This was contained in the 2025 Half-Yearly Report issued and signed by the Special Prosecutor, Kissi Agyebeng.
According to the report, the seized assets form part of exhibits in the case The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025), which is pending before the Criminal High Court in Accra.
The OSP revealed that assets under its management include four fuel stations located at Opeikuma, Dansoman, Abeka Lapaz and Millennium City, all within Accra, as well as a cash seizure of GH¢951,995.56.
The Office has also taken control of several parcels of land across the country, including land at Tamale valued at GH¢9.93 million, Haatso valued at GH¢2.737 million, Danyame in Kumasi valued at GH¢4.766 million, and land at Adenta, which is yet to be valued.
In addition, the OSP is managing a number of high-end residential properties in prime Accra locations, including a two-storey residential building at East Legon valued at GH¢12.7 million, as well as apartments at Airport Residential Area, Boundary Road, Roman Ridge and Adjiringanor, with individual valuations running into several millions of cedis.
The seized assets further include six-unit residential blocks at Agbogba valued at GH¢10 million, 23 fuel tanker trucks, and several uncompleted apartment developments located in Airport City and Roman Ridge.
Separately, the OSP disclosed that it has seized and is managing luxury vehicles valued at GH¢18.6 million in connection with its investigations into the Minerals Income Investment Fund (MIIF). These 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 filed against Dr Abdul-Hamid and nine others, including former and current officials of the NPA and three private companies, over an alleged conspiracy to extort more than GH¢291 million from players within the petroleum sector.
According to the prosecution, the accused persons, 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 knowing they had no lawful authority to demand or collect such payments.
Those charged include Jacob Kwamina Amuah, former Coordinator of the Unified Petroleum Pricing Fund (UPPF); Wendy Newman, an NPA audit staffer; 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 processes, in line with its mandate to recover proceeds of corruption and corruption-related offences.
