Dr. Mustapha Abdul-Hamid, former Chief Executive of the National Petroleum Authority (NPA), has met his bail conditions in connection with the ongoing GH¢280 million extortion and money laundering case brought by the Office of the Special Prosecutor (OSP).
He fulfilled the bail requirements by 6 p.m. on Tuesday, July 23, after he was granted bail in the sum of GH¢2 million.
As part of the conditions, Dr. Abdul-Hamid was required to provide two sureties, each earning a net monthly salary of no less than GH¢5,000, with the amounts to be justified. He is also mandated to report to the OSP every two weeks as investigations and proceedings continue.
Dr. Abdul-Hamid is the first accused in a high-profile case involving 10 individuals and corporate entities alleged to have orchestrated a widespread corruption scheme in the petroleum sector between 2022 and 2024.
Also granted bail under identical conditions are two of his co-accused—Jacob Kwamena Amuah, Coordinator of the Unified Petroleum Pricing Fund, and Wendy Newman, an NPA employee.
All three have pleaded not guilty to charges including conspiracy to commit extortion, extortion by a public officer, use of public office for profit, and money laundering.
Four other individuals—Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquah—have also been granted bail in the sum of GH¢2 million each. However, their bail conditions include providing three sureties, with at least one backed by landed property. They are similarly required to report to the OSP every two weeks.
The accused are alleged to have benefited from a scheme that targeted Oil Marketing Companies (OMCs) and Bulk Oil Distribution Companies (BDCs), with laundered proceeds allegedly used to acquire luxury properties, vehicles, and fuel stations.
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