Former NPA Boss Mustapha Hamid and 9 Directors Charged by OSP Over GH¢280m Scandal

The Office of the Special Prosecutor (OSP) has filed criminal charges against former Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Hamid, and nine other directors for their alleged involvement in a GH¢280 million extortion and money laundering scheme. The charges, filed on Monday, follow months of investigations into the Authority’s operations under Dr. Hamid’s leadership.

According to sources within the OSP, the accused are alleged to have masterminded a scheme that involved the systematic extortion of funds from petroleum industry stakeholders under the pretense of regulatory compliance. These funds were reportedly laundered through a complex web of transactions, raising serious concerns about financial governance and accountability at the NPA.

OSP Intensifies Anti-Corruption Efforts Amid Public Pressure

The Special Prosecutor’s office stated that the charges include offenses under the Criminal Offences Act and the Anti-Money Laundering Act. If proven, the case could rank as one of the biggest financial scandals involving a regulatory body in recent years. Investigators allege that the scheme spanned several months and involved high-ranking officials who abused their positions for personal gain.

Public interest in the case is high, with civil society organizations calling for full transparency and accountability. The accused are expected to appear before the Accra High Court in the coming weeks as the trial process begins. The OSP has reiterated its commitment to pursuing justice without fear or favour and has assured the public of thorough prosecution in line with the law.

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