Mustapha Hamid, Others Granted GH¢2 Million Bail in Explosive OSP Corruption Case
Former NPA CEO, Six Others Accused of Extortion and Money Laundering
- Mustapha Hamid, others granted GH¢2 million bail each in GH¢280m OSP case
- Bail conditions include sureties with proven income and biweekly reporting
- Next court hearing scheduled for August 26, 2025.
Dr. Mustapha Abdul-Hamid, former CEO of the National Petroleum Authority (NPA), has been granted bail to the tune of GH¢2 million in connection with a high-profile GH¢280 million extortion and money laundering case being pursued by the Office of the Special Prosecutor (OSP).
As part of the bail terms, Dr. Hamid must provide two sureties earning no less than GH¢5,000 net monthly income, with full justification of those earnings. He is also required to report to the OSP biweekly while investigations and legal proceedings continue.
Dr. Hamid stands as the lead accused in a major corruption scandal involving ten individuals and companies, alleged to have orchestrated a massive financial scheme within the petroleum sector between 2022 and 2024.
His co-accused—Jacob Kwamena Amuah, Coordinator of the Unified Petroleum Pricing Fund, and Wendy Newman, an NPA staff member—were also granted bail under similar conditions. All three have pleaded not guilty to charges including conspiracy to extort, misuse of public office, and money laundering.
Four other suspects—Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, and Kwaku Aboagye Acquah—were likewise granted GH¢2 million bail each, with stricter conditions requiring three sureties, one of which must be backed by landed property.
According to investigators, the accused allegedly extorted millions from Oil Marketing Companies (OMCs) and Bulk Oil Distribution Companies (BDCs), laundering proceeds into luxury real estate, vehicles, and service stations.
The sensational case, which has captured national attention, has been adjourned to August 26, 2025, for substantive hearings to commence.
