{"id":334014,"date":"2017-07-05T06:05:50","date_gmt":"2017-07-05T06:05:50","guid":{"rendered":"http:\/\/citifmonline.com\/?p=334014"},"modified":"2017-07-05T06:05:50","modified_gmt":"2017-07-05T06:05:50","slug":"movenpiina-zup-oil-others-will-still-be-punished-npa","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/07\/movenpiina-zup-oil-others-will-still-be-punished-npa\/","title":{"rendered":"Movenpiina, Zup Oil, others will still be punished – NPA"},"content":{"rendered":"
The National Petroleum Authority (NPA), has said it will punish Movenpiina Energy, Zup Oil and over forty other unlicensed companies that purchased off-spec fuel from BOST<\/strong><\/span><\/a> despite government\u2019s claim that there was nothing wrong<\/a>\u00a0<\/strong><\/span>in the transaction.<\/p>\n According to the acting Chief Executive of the NPA,\u00a0Hassan Tampuli, although it is still investigating the matter, its preliminary checks show that the companies erred<\/strong><\/a><\/span> in getting involved in the transaction.<\/p>\n [contextly_sidebar id=”uPDlCeTrYO1erbGBlLApTO23mpJWPkNw”]Speaking on Eyewitness News<\/strong>, he said the relevant sanctions will be imposed on each of the companies when its investigations are concluded.<\/p>\n \u201cNobody has said Movenpiina and Zup Oil will not be sanctioned for trading in the downstream business without a license. That also extends to the 49 companies which engaged in the business of trading in the off-spec petroleum products without a license. And we will go after every single one of them,\u201d he said.<\/p>\n It emerged last week that, the Bulk Oil Storage and Transportation company (BOST) signed a deal to sell about 5 million litres of contaminated fuel to Movenpiina Energy and Zup Oil at a discounted price that could result in Ghana losing about GHs7 million in revenue.<\/p>\n