Details are emerging about how Ex National Petroleum Authority (NPA) officials and their private business partners blew over GH¢130 million in alleged extorted funds laundered into high-end properties, trucks, fuel stations, and even a luxury Mercedes Benz, per court documents cited by MyNewsGh.com. At the heart of the scheme is Dr.
Mustapha Abdul Hamid, ex CEO of the NPA, Jacob Kwamina Amuah, former Coordinator of the Unified Petroleum Pricing Fund (UPPF), and Wendy Newman, a staff member of the NPA's Audit Department. Together with a network of accomplices and shell companies, they are accused of orchestrating multiple high-value transactions aimed at concealing the origin of illicit funds extorted from bulk oil transporters and oil marketing companies.
Luxury Real Estate and Hidden Fortunes According to court documents, Propnest Limited, a company controlled by the accused, purchased seven (7) high-end homes from Clifton Homes at a cost of GH¢9.6 million using extorted public funds.
In another laundering operation, they transferred GH¢32.7 million to Agyenkwart Limited to buy luxury blocks of houses and plots of land in Accra.
