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Kan-Dapaah, Tsatsu summoned over Drillship sale

Tsatsu Tsikata 07.07

Thu, 14 Nov 2013 Source: XYZ

Former Energy Minister Albert Kan-Dapaah and his Deputy K. T. Hammond and former Chief Executive of the Ghana National Petroleum Corporation Tsatsu Tsikata have been invited to appear before the Judgment debt sole commissioner over the sale of the GNPC’s drillship in 2001.

The ship was sold for US$24 million dollars to defray a judgment debt of US$19.5 million owed French Bank Societe Generale by the Ghana National Petroleum Corporation (GNPC).

However, US$3.5 million of the proceeds have not been traced.

None of the people and institutions that have appeared before the Commission so far has been able to trace the documents of the transaction.

The Commission’s Public Relations Officer, George William Dove, confirmed to XYZ News Thursday that the three gentlemen are scheduled to appear before the Commission on November 25, 2013.

He said other institutions have also been invited.

Source: XYZ