BOST fights Minority: Awuah Darko left $300m ‘rot’
Former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Mr Kingsley Kwame Awuah Darko left a debt of $300,000,000 as a result of dubious deals and transactions he undertook during his tenure, a statement from BOST has alleged.
In response to a call by the Minority in Parliament for current BOST MD Alfred Obeng Boateng to be interdicted over the sale of 5 million litres of contaminated fuel to private firm ZUPOIL for distribution to the pumps, BOST said the minority caucus is merely trying to divert attention from the rot left by Mr Awuah Darko which Mr Obeng Boateng is cleaning.
BOST said: “It should be put on record that BOST has not imported any shipload of off-spec products into its installations. This off-spec product is as a result of an accidental mixture of petrol and diesel that occurred on the 18th of January, 2017 during the receipt of product into the BOST depot at Tema before the managing director took over from his predecessor on the 23rd of January, 2017. The staff involved were sanctioned appropriately.
“We want to highlight that these issues are coming up due to the fact that Mr Alfred Obeng is cleaning the rot of his predecessor. That includes:
“Diverting GHS40.5million of company funds to a fictitious account currently under investigation; awarding an overpriced contract of $39 million to construct the BOST head office complex (suspended by the new MD); awarding an overpriced contract of $19million to construct a pipeline from SSDP to Akosombo (suspended by the new MD); [paying] an amount of $1.8million as a retainer fee for a company sourcing funds for BOST projects. Though the company could not source funds for BOST, an additional amount of $89,000 was paid as success fee on the 27th of September, 2016.
“The Minority’s assertions that the MD of BOST should be interdicted is baseless and unfounded. It is a political plan to divert the new MD’s attention from dealing with the rot of his predecessor, Mr Kingsley Kwame Awuah Darko, which has left BOST with a debt close to $300,000,000. No amount of propaganda against Mr Alfred Obeng will change his vision for BOST,” the statement said.