The Herald, has landed additional documentation on the US$7.5 million residential property acquired by the Ghana National Petroleum Corporation (GNPC) at Chapel Hill, a suburb of Takoradi in the Western Region, which reveals that the Corporation’s boss paid for the building under what he described as an “unusual” circumstance.
Dr Kofi Koduah Sarpong, Chief Executive Officer (CEO) of the GNPC, had in a memo dated December 29, 2017, same year he had taken over as the head of the state institution, wrote the memo authorizing payment for the dilapidated building, saying “I am taking this unusual step in view of the urgency of the matter”.
But an investigative report from the Public Interest and Accountability Committee (PIAC) has since faulted the GNPC Chief Executive, insisting he “acted in breach of the laws governing Conflict of Interest” in the US$7.5 million transaction.
Another portion of the CEO’s document addressed to the Chief Finance Officer copied the Manager Accounting and Reporting, Corporate Finance Manager and Audit Manager, revealed that critical documents were not cited at the time payment was effected to Global Haulage Company Limited.
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