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BDCs Call For Presidential Probe Into BOST Allegations

By Daily Guide
Politics Senyo Hossi
APR 27, 2015 LISTEN
Senyo Hossi

The Ghana Chamber of Bulk Oil Distributors is demanding a Presidential inquiry into the 2006 audit reports which cite oil distributors and BOST for fraud.

The BDCs were accused of conniving with BOST officials to siphon oil reserves.

The oil distributors have denied any wrongdoing contrary to the revelations in the Auditor General report.

At a news conference in Accra Monday, CEO of the BDCs Senyo Hossi called on government to take immediate steps to probe the matter further.

'The issues raised are very serious issues and we humbly call on His Excellency the President and the Honourable Minister of Petroleum to kindly constitute an investigative committee to look into the issues of reconciliation and allegations of bribery as well as the leakage of the confidential tape.

'It must, however, be known that this call does not stop any BDC willing to take any legal action against BOST to establish its liability and secure payments from BOST, to do so.

'While we call on the formation of the said committee, it is fair to understand that BOST will be liable for any accruing financial costs for delayed payments of its liabilities to BDCs.'

Hossi also questioned the credibility of the managing director of BOST, saying his actions have 'totally crushed our confidence in his ability to ethically and fairly engage with the industry in his capacity as Managing Director on issues pertaining to BDCs and BOST, as well as other players.'

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