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U.S agencies probe Selormey's ?2 billion transfer

Thu, 12 Jul 2001 Source: --

The Dispatch writes that its ongoing investigations have revealed that the University of Texas A&M, College Station, Texas has started the process of investigating how one of its lecturers, Dr Fred Owusu Boadu, used the University's letterhead to invoice the Ghanaian government an amount of U.S. $300,000 (about 2.1 billion). The amount was transferred to Dr Boadu in payment for a feasibility report that was not presented.

The University's worry is that its letterhead has been abused since it was not a party to the contract.

The US tax authorities are also investigating various payments to Dr Boadu. A couple of them were authorized by the former deputy Minister for Finance, Victor Selormey.

In an e-mail message, the Vice-President of the University in-charge of Administration, Mr Charles A. Sippal, Snr., has asked for a copy of the invoice on "the Texas A&M Letterhead to allow further investigations into this matter.

Mr Sippial's e-mail, copied to other officials including the University's Associate Vice-President, Ms Mary E. Miller, was in response to various enquiries as to why the University's letterhead was used when it was not a party to the contract.

The $300,000 was part of a total of $400,000 (about ?2.8 billion) paid to Dr Boadu as payments for a feasibility study into the establishment of a Science and Technology Valley to supposedly promote public private sector partnership for economic growth in Ghana.

Source: --