Dr. Hamid Secures Bail as Co-Accused Remain in Custody in GH¢280M NPA Scandal

Dr. Mustapha Abdul-Hamid, former Chief Executive of the National Petroleum Authority (NPA), has met his bail conditions in connection with a high-profile corruption case involving GH¢280 million in alleged extortion and money laundering. The case is being prosecuted by the Office of the Special Prosecutor (OSP).

The court granted Dr. Abdul-Hamid bail in the amount of GH¢2 million, with two sureties—each required to earn a net monthly income of at least GH¢5,000 and to prove the legitimacy of their earnings. As part of his bail conditions, Dr. Hamid must also report to the OSP every two weeks while investigations proceed.

Co-Accused Still Behind Bars

While Dr. Hamid has temporarily secured his freedom, several co-accused individuals remain in remand due to their inability to meet similar bail requirements. Some of them must produce three sureties, including at least one backed by landed property.

Notable individuals still in custody include:

Jacob Kwamena Amuah, Coordinator of the Unified Petroleum Pricing Fund
Wendy Newman, an employee of the NPA

All the accused have pleaded not guilty to a range of serious charges, including:

Conspiracy to commit extortion
Extortion by a public officer
Use of public office for profit
Money laundering

Others yet to fulfill their GH¢2 million bail terms include:

Albert Ankrah
Isaac Mensah
Bright Bediako-Mensah
Kwaku Aboagye Acquah

Allegations of Financial Misconduct and Lavish Spending

Prosecutors allege the accused were part of a coordinated scheme between 2022 and 2024, targeting Oil Marketing Companies (OMCs) and Bulk Oil Distribution Companies (BDCs). Funds extorted through this operation were allegedly laundered and used to finance luxury purchases, including high-end properties, vehicles, and fuel stations.

Investigations are ongoing as the case draws national attention and raises questions about governance and accountability within Ghana’s petroleum sector.

Stay tuned with us here for more update about this story and follow our blog page. Thank you.

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