The High Court has granted bail to the former National Petroleum Authority (NPA) Chief Executive Officer, Dr Mustapha Hamid and six others, in the sum of Gh¢140 million.
The court presided over by Justice Mary Yanzuh, granted the bail application on Wednesday, July 23, 2025, after hearing the arguments made by various lawyers.
Angelonline.com.gh Correspondent, Ama Brako Ampofo reports that, the Attorney-General has charged all the accused persons with 25 counts.
They all pleaded not guilty to charges of money laundering, causing financial loss to the state and using public office for personal gains.
The court granted bail to Mustapha Hamid, Jacob Kwamena Amoah and Wendy Amoah in the sum of Gh¢2 million with two sureties to be justified, one to be public a servant earning at least Gh¢5,000 and report once every two weeks to the investigator.
Their appearance marks a significant development in one of Ghana’s most high-profile corruption prosecutions in recent years, centred around alleged financial misconduct within the petroleum regulatory sector.
Alongside Dr Abdul-Hamid, those charged include Jacob Kwamina Amuah, Coordinator of the NPA’s Unified Petroleum Pricing Fund (UPPF) and Managing Director of three implicated companies – Propnest, Kel Logistics, and Kings Energy. Others are Wendy Newman, an NPA staff member; Albert Ankrah and Isaac Mensah, both Directors of Kel Logistics; Bright Bediako-Mensah, Director of both Kel Logistics and Kings Energy; and Kwaku Aboagye Acquaah, a Director of Kings Energy.
The three corporate entities also facing prosecution are Propnest Limited, Kel Logistics Limited, and Kings Energy Limited.
The Special Prosecutor’s charges, which span 25 counts, allege that between 2022 and 2024, the accused conspired to extort GH₵280.51 million from various oil marketing companies under the guise of regulatory obligations.
The OSP contends that at least GH₵24 million was received directly by Dr Abdul-Hamid, while GH₵227 million was channelled through Wendy Newman and laundered via the three companies to acquire properties, fuel trucks, and construct fuel stations.
