The Majority Caucus in Parliament has accused their counterparts on the minority side for peddling falsehood, fear and panick in the Bulk Oil Storage and Transportation Company (BOST)contaminated fuel sale to Movenpiina saga.
Speaking at a press conference to respond to issues raised by the minority on Tuesday, the majority pointed out that “It was not true that Movenpiina bought the off spec fuel at GHS1.00 and sold at GHS1.30 to Zupp Oil at a 30% higher cost”, pointing out that, “Movenpina indeed bought the contaminated product at GHS1.30 and then sold to Zupp Oil at a price of GHS1.32 and thus made a marginal profit of GH¢100,000”.
They indicated that between 2014 and 2016 when the contamination of fuel products escalated, the average price that the product sold for was GH¢0.70 (70 pesewas) per litre, as the price ranged from GH¢0.50 to GH¢0.90; and therefore the sale price of the recent contaminated product at GH¢1.30 which is 86% higher than what obtained in the past is the highest value the nation has ever earned.
The Majority Caucus insisted that an erroneous impression is being created about the total proceeds from the sale of the contaminated product. “BOST sells its good-spec at a price of GHS1.75 per litre; the off-spec in question sold at GHS1.30 per litre. The 5 million litres contaminated product would have ordinarily sold at GHS8,750,000.00.
In the face of the contamination, the sale of the product at GHS1.30 per litre yielded GHS6,500,000.00 which represents a shortfall of GHS2,250,000.00 and not the conjured figure of GHS14.25 million,” they maintained.
Another issue that the Majority addresed during their press conference is the assertion that by the Minority Caucus that at the time Movenpiina was chosen to purchase the contaminated price on May 19, 2017 the company had not been registered as a limited liability company. The Minority had further alleged that the company only got to be registered on May 29, 2017, ten (10) days after the offer to same company to buy the 5 million litres and added that the company had no licence from NPA to engage in that business.
But the Majority Caucus pointed out that “The Companies Act under Section 13 allows for a contract or any transaction entered into by a company prior to its formation or by a person on behalf of the company prior to its formation can be ratified by the new company after its registration”.
In their Tuesday press conference the Minority Caucus had further that “under no circumstance should BOST experience such high level of contamination as we are witnessing”. But the Majority Caucus indicated that, “The truth of the matter, without justifying the recent event though, is that in 2014 under the NDC a similar contamination occurred, the quantity involved was 4.6million litres; in 2015, still under NDC, another contamination occurred, the quantity involved was 9.9million litres; 2016 witnessed the mother of all contaminations, the quantity involved amounted to 12million litres. Clearly, therefore, the statement by the Minority led by Hon. Armah Kofi Buah and Dr. Kwabena Donkor is a palpable falsehood.”
“Again, another mischief which the Minority sought to pollute the public with is that the contamination had to do with the inefficiencies and negligence of Mr. Alfred Obeng. As has emerged now, the 5million litres contaminated was detected on January 18, 2017, exactly 11days after the swearing in of President Nana Addo Dankwa Akufo Addo. Alfred Obeng Boateng had not at that time assumed office to take over, and Mr Awuah Darko was still, effectively, the CEO.
BOST management investigation established that, that occurrence was attributed to human error. The four staff who were in charge of operations at the time were interdicted, before Alfred Obeng was posted there.”
Notwithstanding, since the events of contamination appear to be playing out every year, and they are all due to ‘human error’, the Majority Caucus agreed that a full scale investigation should be launched to fish out the culprits and, if any acts of deliberation is found, sanctions shall have to be applied.
They further agreed that the affairs of BOST call for serious investigation and forensic audit.
“In the interest of probity and accountability we call on government to institute the probe into the activities of BOST since 2009,” the appealed.
Story by: Gilbert Borketey Boyefio