Akufo-Addo demands report on BOST's $3m payment to Springfield

BY: Enoch Darfah Frimpong
The new Managing Director of BOST, Mr George Mensah Okley
The new Managing Director of BOST, Mr George Mensah Okley

President Nana Addo Dankwa Akufo-Addo has asked for a report on the latest interest payment of $3million by the Bulk Oil Storage and Transportation (BOST) to Springfield Energy.

Graphic Online gathers that the Managing Director of BOST, Mr George Mensah Okley was asked to submit the report to the Presidency by 2pm on Monday September 10, 2018.

This follows the raising of "red flags" by the Member of Parliament for Bongo in Upper East, Edward Abambire Bawa.

Read also: Edward Bawa writes: BOST again! Okley and Akoful must step aside

Mr Bawa had raised issues with how the BOST went ahead to pay an additional $3million to Springfield Energy in a dispute, against the advice of the company's legal counsel after Alfred Obeng exited as Managing Director.

Mr Alfred Obeng on September 27, 2017 reportedly ordered the payment of $4million as part of the $9 million interest payment Springfield claimed in a dispute.

According to the MP, the new Managing Director, Mr George Mensah Okley and head of Finance, Mr John Kojo Akoful who is a former acting MD under whose tenure the dispute started have gone ahead and paid an additional $3 million against the advice of their legal counsel that Springfield does not deserve $9million as an interest payment.

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Mr Edward Bawa has therefore called for an interdiction of Mr Okley and Mr Akoful to allow for a full-scale investigation of the issues to ascertain the facts and a full audit of the systems at BOST to identify challenges and propose solutions to the challenges to forestall future occurrences.

Read Edward Bawa's concerns on the matter here: BOST again! Okley and Akoful must step aside