The Accra High Court has confirmed a list of properties and assets linked to former National Petroleum Authority (NPA) Chief Executive Officer, Dr Mustapha Abdul-Hamid, as the Office of the Special Prosecutor (OSP) continues its prosecution of the alleged GH¢291 million extortion and money laundering case.
The latest development comes as the OSP relies on bank statements, mobile money records and other financial documents to establish the movement of funds allegedly connected to the case. MyJoyOnline
The prosecution alleges that Dr Abdul-Hamid and other accused persons unlawfully obtained GH¢291,574,087.19 and US$332,407.47 from bulk oil transporters and oil marketing companies between 2022 and 2024. The accused have denied the allegations.
Among the assets listed before the court are:
- GH¢951,995.56 in cash
- Four fuel stations at Opeikuma, Dansoman, Abeka Lapaz and Millennium City
- Land in Tamale, valued at GH¢9.93 million
- Land at Haatso, valued at GH¢2.737 million
- Land at Danyame in Kumasi, valued at GH¢4.766 million
- Land at Adenta, which is yet to be valued
- A two-storey residential building at East Legon, valued at GH¢12.713 million
- A two-storey building at Adjiringanor, valued at GH¢10 million
- A six-unit residential block at Agbogba, valued at GH¢10 million
- Apartments at Airport Residential Area, Boundary Road, Roman Ridge, The Signature, The Lennox, The Bantree and The Address
- Uncompleted apartment developments at Airport City and Roman Ridge
- 23 fuel tanker trucks
The OSP has previously disclosed that the assets are being seized or managed as exhibits in the criminal case, pending the outcome of the trial. Its 2025 Half-Yearly Report detailed several of the properties and their valuations.
The prosecution contends that proceeds from the alleged extortion were subsequently channelled into property acquisitions and business interests as part of an alleged money-laundering scheme.
Dr Abdul-Hamid and other accused persons are facing multiple charges, including conspiracy to commit extortion by a public officer, extortion, using public office for profit, conspiracy to commit money laundering and money laundering.
The OSP has indicated that financial records, including bank and mobile money transactions, together with hundreds of documents, will form part of the evidence it intends to rely on in proving its case.
The case, The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025), remains before the Criminal Division of the Accra High Court.
