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OSP seizes assets and GH¢291m connected to Mustapha Hamid

Assets secured pending outcome of investigations

Kojo Emmanuel by Kojo Emmanuel
January 29, 2026
in Main, Politics
0
OSP Hamid assets

Dr Mustapha Abdul-Hamid

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The Office of the Special Prosecutor (OSP) has seized several high-value assets, including fuel stations, luxury apartments, and cash amounting to GH¢291 million, in connection with investigations involving former Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid.

According to the OSP, the seizure forms part of ongoing investigations into suspected corruption and corruption-related offences allegedly linked to the management of petroleum sector regulatory activities during Hamid’s tenure at the NPA.

The assets were reportedly identified as suspected proceeds of unlawful activities and have been secured pending further legal action.

The OSP in the 2025 Half-Yearly Report, issued and signed by the Special Prosecutor, Kissi Agyebeng, disclosed that the seized assets form part of exhibits in The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025), a case currently pending before the Criminal High Court in Accra.

Among the properties now under the management of the Office of the Special Prosecutor (OSP) are four fuel filling stations located at Opeikuma, Dansoman, Abeka Lapaz, and Millennium City, all within Accra, as well as cash amounting to GH¢951,995.56.

The OSP has also taken control of several parcels of land across the country, including property at Tamale valued at GH¢9.93 million, land at Haatso valued at GH¢2.737 million, Danyame in Kumasi valued at GH¢4.766 million, and land at Adenta, which is yet to be valued.

In addition, the Office is managing multiple high-end residential properties in prime locations in Accra. These include a two-storey residential building at East Legon valued at GH¢12.7 million, as well as apartments at Airport Residential Area, Boundary Road, Roman Ridge, and Adjiringanor, with individual valuations running into several millions of cedis.

Other seized assets include six-unit residential blocks at Agbogba valued at GH¢10 million, 23 fuel tanker trucks, and several uncompleted apartment developments at Airport City and Roman Ridge.

Separately, the OSP disclosed that it has seized and is managing luxury vehicles valued at GH¢18.6 million in connection with its investigation into the Minerals Income Investment Fund (MIIF).

The vehicles include a Rolls-Royce Mansory Phantom, Mercedes-Benz Maybach S680, Mercedes-Benz Brabus 800, Toyota Land Cruiser LC300, Lexus LX600, and two Fiat bullion vans.

The asset seizures follow criminal charges filed against Dr Abdul-Hamid and nine others, including former and current officials of the National Petroleum Authority (NPA) and three private companies, over an alleged conspiracy to extort more than GH¢291 million from players in the petroleum sector.

According to the prosecution, the accused persons, acting together between December 2022 and December 2024, unlawfully obtained GH¢291,574,087.19 and US$332,407.47 from bulk oil transporters and oil marketing companies, despite allegedly knowing they had no lawful authority to do so.

Those charged include Jacob Kwamina Amuah, former Coordinator of the Unified Petroleum Pricing Fund (UPPF); Wendy Newman, an NPA audit staffer; Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquaah.

The companies cited in the case are Propnest Limited, KEL Logistics Limited, and Kings Energy Limited.

Tags: CorruptionDr Mustapha Abdul HamidGhana newsKissi AgyebengNational Petroleum AuthorityOffice of the Special ProsecutorOSPSpecial Prosecutor
Kojo Emmanuel

Kojo Emmanuel

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