GHC23m crude saga: Probe BOST – IES

The Institute for Energy Security (IES) has backed calls for a probe into the alleged sale of crude by the Bulk Oil Storage and Transportation (BOST) Company Limited to BB Energy Company resulting in a loss of some GHS23million to the state.

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) Duncan Amoah, who issued a press statement on Monday, 12 March in relation to the development, said: “One is left wondering what could have informed the current BOST to undertake such a poor wasteful transaction leaving the company with a net loss of over GHS23million".

He therefore, urged the Economic and Organised Crime Organisation (EOCO), Police CID, the Bureau of National Investigations (BNI) and the Office of the Special Prosecutor (SP) to take up the matter to unravel the circumstances and details regarding the sale, which COPEC believes was a rip-off.

The Minority in parliament have also called for full scale investigations into the matter.

Reacting to this development in an interview with Class News, Paa Kwesi Anamoah Sakyi, Executive Director of IES backed the calls for probe into the matter.

He said: “We support the call for probe because we have heard on various platforms that others are calling for a probe. The parliamentary select committee on Mines and Energy are calling for it, the Minority is also calling for it, we join these groups to say that [let’s probe].To put these matters to rest we’re calling for a probe as well.”

Meanwhile, BOST has described the claims as false and misleading.