Contaminated Fuel Allegation of wrongdoing at BOST a diversionary tactic

In a statement issued by BOST, it said the dirty fuel saga was coming to the limelight only to frustrate the new BOST Managing Director’s attempt to address the financial rot at the company.

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The Bulk Oil Storage and Transportation (BOST) has said that the contaminated fuel controversy is a ploy to hide the financial rot supervised by the immediate past BOST Managing Director, Kingsley Kwame Awuah-Darko.

According to BOST Awuah-Darko handed over close-to-$300 million debt.

The Minority in Parliament, who are main proponents for the charge against BOST said the contaminated fuel was sold under dubious circumstances. This has caused the State to lose over 14 million cedis.

READ ALSO: BOST defends sale of ‘contaminated’ fuel to oil company

But in a statement issued by BOST, it said the dirty fuel saga was coming to the limelight only to frustrate the new BOST Managing Director’s attempt to address the financial rot at the company.

“The Minority’s assertion that the MD of BOST should be interdicted is baseless and unfounded. It is a political plan to divert the new MD’s attention from dealing with the rot of his predecessor, Mr. Kingsley Kwame Awuah-Darko, which has left BOST with a debt close to $300,000,000.”

This includes the diversion of GHc 40.5 million of company funds to a fictitious account which is currently under investigation.

READ ALSO: Diesel price to increase marginally due to new sulphur levels

BOST also indicated that the previous administration awarded an overpriced contract of $39 million to construct the BOST head office complex. The construction of a pipeline from APD to Akosombo was also overpriced at a cost of $19 million. Both projects have been suspended.

However, preliminary by the National Petroleum Authority (NPA) has confirmed that the two companies suspected to have purchased the over 5 million litres of contaminated fuel from BOST, Zup Oil and Movenpinaa Energy, were not licensed to engage in such transactions.

Below is the full press statement:

 

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