TOR Staffs interdicted Over Losses And Disappearance Of Product

Some employees of the Tema Oil Refinery have been interdicted for their roles in the company’s financial loss.

Other employees have been questioned about their roles in the company’s product losses.

In statement from the interim management of the company, it read,“The Interim Management Committee (IMC) at the Tema Oil Refinery (TOR) Ltd., as part of its ongoing mandate to conduct Technical and HR audits, as well as access viable business partnerships for the Refinery, has concluded that consistent product and financial losses must be eliminated completely if the Refinery is to remain viable,”

.”As a result, the IMC has committed to creating a “zero tolerance culture for unacceptable product losses,” and has begun investigations into a number of product storage and transfer losses that have occurred in the organization throughout time”, the statement added.

“The IMC wishes to underline, however, that the investigations will be carried out with appropriate regard for a fair process,” the statement continued.

It further urged the public and refrain from drawing any judgments until the investigation is complete.

“Those found not responsible or accountable for the financial and product losses will have their accounts fully restored, while those found responsible and accountable in the chain of command (with respect to product losses during storage, movement, and transfer) will be dealt with appropriately”, the statement said.

Find Below list of products losses at TOR triggering management decision

1. The disappearance of 105, 927 litres of Gas oil which belongs to a BDC client on 4th September 2021.
2. . The wrongful loading of 252,000 litres of Aviation Turbine Kerosene (ATK) instead of regular Kerosene into BRV Trucks at the loading gantry between 21st and 25th September 2021.
3. The disappearance of 18 drums of electrical cables worth and GHS 10.4 million from the Technical Storehouse of TOR discovered in April 2021.
4. The disappearance of product (LPG) belonging to a client between 2012 and 2015, as a result of which TOR was indebted to the client to the tune of USD4.8 million, as confirmed by an Ernst and Young audit.
5. The reasons why Funds given by the Ministry of Finance for the payment of TOR’s Debt to a project consulting firm of TOR, did not get paid to them until a garnishee order was placed on the Company’s account in in July 2021.
6. Issuance of unauthorized letter admitting debt liability to TOR with attendant computation of interest without the approval of IMC.