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Minority demands immediate interdiction of BOST MD

The minority caucus in parliament has demanded the immediate interdiction of the Bulk Oil Storage and Transportation Limited (BOST) Managing Director, Mr. Alfred Obeng Boateng, for causing financial loss to the state.

According to the minority caucus, as a result of the corrupt action of the BOST MD, the state has lost GHS14.25 million to an individual(s); and demanded its retrieval by surcharging the offending officials at BOST in line with a recent Supreme Court decision.

The minority noted that this whole saga started with the sale of contaminated fuel product to the tune of five million litres to a company known as Movenpiina by Mr. Boateng, the MD of BOST, under very dubious and bizarre circumstances.

“Even more disturbing is the explanation offered by BOST to justify the sale of this contaminated product as well as the circumstances surrounding the sale which clearly lacks transparency and integrity,” the minority gravely observed at a press conference addressed by Hon Emmanuel Armah-Kofi Buah, Minority Spokesperson on Mines and Energy.

They noted that the claim by BOST that this contaminated product was sold at a competitive ex-depot price is false and cannot be justified, questioning, “When was the competitive bidding process initiated and who were the companies that participated?”.

The minority insisted that incontrovertible evidence available to them confirms that Movenpiina Company was the only company BOST dealt with in the sale of this contaminated product in a sole sourced transaction; and it is therefore erroneous to suggest that the sale was done under a competitive process.

“Further information available to us indicates that Movenpiina Co. Lt. put in a proposal to purchase the fuel on the 19th of May 2017. Interestingly, checks from the Registrar Generals Department suggest the company was incorporated to trade and transport fuel on the 29th of May 2017.

This clearly suggest collusion on the part of the actors. Information available before us indicates the Managing Director took a decision to grant to Movenpiina Co. an Open-Credit sales arrangement against all the advice from his own staff. This means that the company bought the products without paying for it and in turn sold the products to a third-party Company Zupoil at 30% higher. This smacks of high level corruption,” the minority caucus alleged.

The minority caucus further alleges that their checks reveal that the contact number on Movenpiina is the same number of the BOST MD’s private office in Airport Residential Area.

They claimed that the gentleman who registered the Company, one Nana Poku Agyemang, a generator dealer with a Company General Power, is a close associate of the MD and they have been doing business together before the MD was appointed to BOST.

The Minority has also noted with trepidation the revelation that the said Movenpiina Company is currently a Bulk Oil Transporter at BOST carrying huge petroleum products across the Country when they are not registered, pointing out that, “This is not only illegal, it is also extremely risky because when those products are lost, it will be at the cost of the tax payer as there’s no insurance covering the said contract.

“The Minority will want to place on record that further checks reveal that, BOST has never sold any contaminated products before. They always blend the products to correct it to meet industry specifications as outlined by NPA and Ghana Standard Authority.

“What BOST has sold in the past is slop and not contaminated products. As we speak BOST imported a full cargo declared by NPA as off Spec. The Company that brought in the product is called Morco Energy. That product is currently being blended at TOR to correct it. We wonder why the 5million litres didn’t go through the same process to correct it.

The question to ask is what led to the contamination of these products in the first instance. Why was the particular tank in question not properly discharged and cleaned before the intake of the fresh fuel which led to the contamination? Was it due to negligence, lack of supervision or a deliberate plot by some self-seeking individuals to enrich themselves at the expense of the state and the Ghanaian tax payer?,” the minority demanded.

Story by: Gilbert Borketey Boyefio

About Gilbert Boyefio

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