OSP says it is holding and administering major assets tied to NPA extortion case

The Office of the Special Prosecutor (OSP) has disclosed that it has seized and is currently managing a portfolio of high-value assets connected to the criminal trial involving former National Petroleum Authority (NPA) CEO Dr Mustapha Abdul-Hamid and nine others.

The update is contained in the 2025 Half-Yearly Report, signed by Special Prosecutor Kissi Agyebeng, which describes the assets as exhibits in The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025) pending before the Criminal High Court, Accra.

The report indicates the OSP is overseeing:

Four fuel stations in Accra: Opeikuma, Dansoman, Abeka Lapaz, and Millennium City

A cash seizure of GH¢951,995.56

It also lists land holdings under control, including:

Tamale land valued at GH¢9.93 million

Haatso land valued at GH¢2.737 million

Danyame (Kumasi) land valued at GH¢4.766 million

Adenta land (value not yet stated

The OSP further reports that it is managing multiple premium residential assets, including:

A two-storey residential building at East Legon, valued at GH¢12.7 million

Apartments located in:

Airport Residential Area

Boundary Road

Roman Ridge

Adjiringanor
(with valuations described as running into several millions of cedis)

Additional properties mentioned include:

A six-unit residential block at Agbogba valued at GH¢10 million

Uncompleted apartment developments in Airport City and Roman Ridge

23 fuel tanker trucks

In a different matter, the OSP also says it has seized and is managing luxury vehicles valued at GH¢18.6 million in relation to its investigation into the Minerals Income Investment Fund (MIIF).

The vehicles listed include:

Rolls-Royce Mansory Phantom

Mercedes-Benz Maybach S680

Mercedes-Benz Brabus 800

Toyota Land Cruiser LC300

Lexus LX600

Two Fiat bullion vans

The asset actions follow charges against Dr Abdul-Hamid and nine others, including former/current NPA officials and three private firms, over an alleged scheme to extort more than GH¢291 million from entities in the petroleum value chain.

Prosecutors allege that between December 2022 and December 2024, the accused persons jointly obtained:

GH¢291,574,087.19, and

US$332,407.47
from bulk oil transporters and oil marketing companies, while knowing they had no lawful authority to do so.

Those named include:

Jacob Kwamina Amuah (former UPPF Coordinator)

Wendy Newman (NPA audit staff)

Albert Ankrah

Isaac Mensah

Bright Bediako-Mensah

Kwaku Aboagye Acquaah

The companies cited are:

Propnest Limited

KEL Logistics Limited

Kings Energy Limited