An executive member of GTPCWU-TUC Madam Eno Serwaa and Tema Oil Refinery Workers Union are calling on President Nana Akufo Addo to come to the rescue of TOR and dissolve the Board to save the Refinery and it workers.
Speaking on Plan B FM’s morning show NKOSUONSEM hosted by Nana Yaw Abrompah, Eno Serwaa stressed that, they believe the board is engaged in scandalous dealings with the companies trying to take over TOR operations.
We have tolerated and wasted our time over an Entity whose incorporated name started with Decimal Capital/VITOL, then changed to Baybridge Asset Management Limited, later to Torentco Asset Management Limited, and now Tema Energy and Processing Limited, within 18 months. As responsible citizens and key internal stakeholders of the refinery, who share in the President’s charge for citizenship and not spectators, we bring your attention to the latest development with this particular entity (Torentco Asset Management Limited). As it stands now, due to the damming findings of the due diligence report, the surrogate of Torentco wearing the clothing of TOR BOD has allowed or tolerated a new SPV by the name Tema Energy and Processing Limited with shares allocation of 40% to CAD Investment Holdings, 40% to Torentco and 20% to TOR Workers Charity Trust,” according a statement by the the group to the government.
The group further stated that , on the blind side of 99% of TOR workers and executive management, some few executives of TOR’s local UNICOF executives (Abu Abbas Bugubie, Bright Adongo) and their cohorts (Albert Amoako Adjei, Scott Tsevia and Emmanuel Abankwah) have secured an agreement with Torentco to incorporate an entity by guarantee to benefit from a 20% shares in the new SPV (Tema Energy and Processing Limited) without recourse to workers and management,” the group said.
As a result of this, they have tolerated and wasted our time over an Entity whose incorporated name started with Decimal Capital/VITOL, then changed to Baybridge Asset Management Limited, later to Torentco Asset Management Limited, and now Tema Energy and Processing Limited, within 18 months.
As responsible citizens and key internal stakeholders of the refinery, who share in the President’s charge for citizenship and not spectators, we bring your attention to the latest development with this particular entity (Torentco Asset Management Limited)
Fellow Ghanaians, on the blind side of 99% of TOR workers and executive management, some few executives of TOR’s local UNICOF executives (Abu Abbas Bugubie, Bright Adongo) and their cohorts (Albert Amoako Adjei, Scott Tsevia, and Emmanuel Abankwah) have secured an agreement with Torentco to incorporate an entity by guarantee to benefit from a 20% shares in the new SPV (Tema Energy and Processing Limited) without recourse to workers and management.
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