{"id":332051,"date":"2017-06-28T07:13:40","date_gmt":"2017-06-28T07:13:40","guid":{"rendered":"http:\/\/citifmonline.com\/?p=332051"},"modified":"2017-06-28T07:13:40","modified_gmt":"2017-06-28T07:13:40","slug":"contaminated-fuel-saga-a-distraction-from-former-mds-rot-bost","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/06\/contaminated-fuel-saga-a-distraction-from-former-mds-rot-bost\/","title":{"rendered":"Contaminated fuel saga a distraction from former MD&#8217;s rot &#8211; BOST"},"content":{"rendered":"<p>The Bulk Oil Storage and Transportation (BOST) says the controversy over the sale of contaminated fuel is serving no purpose other than to distract from the financial rot overseen by the immediate past BOST Managing Director, Kingsley Kwame Awuah-Darko.<\/p>\n<p>The rot under\u00a0Kwame Awuah-Darko left a close-to-$300 million debt, according to BOST.<\/p>\n<p>[contextly_sidebar id=&#8221;LjPk8L1YFq6yaVLklRUyWDc39NB6N9Pm&#8221;]Following <strong>Citi News <\/strong>making known claims\u00a0to the effect that, Ghana lost about GHc 7 million in revenue following attempts by the BOST to sell contaminated fuel to some oil marketing companies, there have been calls for the current\u00a0BOST Managing Director,\u00a0Alfred Obeng Boateng to be interdicted over the whole controversy.<\/p>\n<p>The Minority in Parliament, who are leading the charge <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2017\/06\/27\/interdict-bost-director-over-sale-of-contaminated-fuel-minority\/\">went further<\/a><\/strong><\/span> to say the circumstances under which 5 million litres of contaminated fuel was dubiously sold has led to a 14.25 million cedis financial loss to the state.<\/p>\n<p>But in a statement, BOST insisted these issues were coming to light to frustrate the attempts by the current BOST Managing Director to address the financial rot at the company.<\/p>\n<p>\u201cThe Minority\u2019s assertion that the MD of BOST should be interdicted is baseless and unfounded. It is a political plan to divert the new MD\u2019s 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.\u201d<\/p>\n<p>This rot, according to BOST, includes the diversion of GHc 40.5 million of company funds to a fictitious account currently under investigation.<\/p>\n<p>BOST added that, there was the awarding of an overpriced contract of $39 million to construct the BOST head office complex and the awarding of another overpriced contract of $19 million to construct a pipeline from APD to Akosombo, both of which have been suspended.<\/p>\n<p>Following this, the National Petroleum Authority, (NPA), confirmed that the two companies alleged to have purchased the over 5 million litres of contaminated fuel from BOST, Zup Oil and Movenpinaa Energy, were not licensed to engage in that transaction.<\/p>\n<p><strong>Find below the full BOST statement<\/strong><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-332052\" src=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2017\/06\/BOST-statement.jpg\" alt=\"bost-statement\" width=\"766\" height=\"1080\" \/><\/p>\n<p>&#8211;<\/p>\n<p>By: Delali Adogla-Bessa\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bulk Oil Storage and Transportation (BOST) says the controversy over the sale of contaminated fuel is serving no purpose other than to distract from the financial rot overseen by the immediate past BOST Managing Director, Kingsley Kwame Awuah-Darko. The rot under\u00a0Kwame Awuah-Darko left a close-to-$300 million debt, according to BOST. [contextly_sidebar id=&#8221;LjPk8L1YFq6yaVLklRUyWDc39NB6N9Pm&#8221;]Following Citi News [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,10,11],"tags":[8694,8666,3,809,8693],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Contaminated fuel saga a distraction from former MD&#039;s rot - BOST - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/06\/contaminated-fuel-saga-a-distraction-from-former-mds-rot-bost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contaminated fuel saga a distraction from former MD&#039;s rot - BOST - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Bulk Oil Storage and Transportation (BOST) says the controversy over the sale of contaminated fuel is serving no purpose other than to distract from the financial rot overseen by the immediate past BOST Managing Director, Kingsley Kwame Awuah-Darko. The rot under\u00a0Kwame Awuah-Darko left a close-to-$300 million debt, according to BOST. [contextly_sidebar id=&#8221;LjPk8L1YFq6yaVLklRUyWDc39NB6N9Pm&#8221;]Following Citi News [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/06\/contaminated-fuel-saga-a-distraction-from-former-mds-rot-bost\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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