Bulk oil distributor, Fueltrade has refuted claims by Senior Vice President of policy think tank, IMANI Africa that it is owned by the CEO of the Ghana National Petroleum Corporation (GNPC), K. K. Sarpong.
While addressing issues concerning Ghana’s oil resources at a press conference in Accra on Thursday, Kofi Bentil expressed concern at how oil exploration company, Aker Energy may be disregarding Ghana’s laws due to its political connections.
According to Mr Bentil, one of the original partners of its predecessor company Fueltrade Ghana Ltd., is owned by Dr. Sarpong.
He said the CEO’s involvement with the company raises questions.
But Fueltrade in a press release copied to Joy News denied Dr Sarpong’s involvement in the company.
The statement said “Fueltrade Ltd wishes to state that its shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company.
“Fueltrade categorically states that it is not legally or beneficially owned by Dr. K. K. Sarpong and/or his family.”
The company questioned why IMANI, with all the time it had before the press conference did not verify their claims with the Registrar-Generals office but went ahead to spew such falsehood.
They are “convinced that Imani Africa and Kofi Bentil did not undertake any verification because they set out to act and speak with malice and/or reckless disregard for the truth, in order to achieve a collateral purpose.”
Below is a copy of the full statement:
Defamatory statement made about it by IMANI Africa and Kofi Bentil
On 25 April 2019, Imani Africa organised a press conference in respect of developments around the Deepwater Tano Cape Three Points Block (DWT/CTP).
Speaking through its Vice-President, Kofi Bentil, Imani Africa asserted that Dr. K. K. Sarpong and his family were the owners of Fueltrade Ltd.
Imani Africa and Kofi Bentil advanced this claim, apparently, in support of wrongdoing they are alleging in respect of the DWT/CPT project. In particular, Imani and Kofi Bentil stated that it was ethically wrong for Fueltrade Ltd, a company allegedly owned by Dr. K. K. Sarpong and his family, to be a partner on the DWT/CTP project.
The clear but unfortunate intention of Imani Africa and Kofi Bentil was to drag Fueltrade Ltd into its accusations of involvement in unethical business practices.
Fueltrade Ltd wishes to state that its shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company. Fueltrade categorically states that it is not legally or beneficially owned by Dr. K. K. Sarpong and/or his family.
Imani Africa and Kofi Bentil had ample opportunity, before the press conference, to verify the ownership of Fueltrade Ltd. They could have verified ownership by engaging directly with Fueltrade Ltd, or by conducting a search into the easily accessible records at the Registrar-General’s Department.
Fueltrade Ltd is convinced that Imani Africa and Kofi Bentil did not undertake any verification because they set out to act and speak with malice and/or reckless disregard for the truth, in order to achieve a collateral purpose.
In pronouncing our company as unethical and as being involved in unethical business (based on untruths) and for ulterior motives, Imani Africa and Kofi Bentil have caused embarrassment and reputational damage to us. We have instructed our lawyers to make a demand for a retraction and apology from them. If no such show of remorse materialises, we will take all steps to protect our business and hard-earned reputation.
Signed by
Chief Executive Officer
Latest Stories
-
2024/25 Ghana League: Heart of Lions sink Legon Cities to go third
21 mins -
Bright Simons: DBG, Ghana’s top development bank, goes for the jugular
55 mins -
Governance and Entrepreneurship consultant demands global support for Africa’s young farmers
56 mins -
Ghanaians reminded to prioritise regular health check-ups
57 mins -
Salah brace sends Liverpool 8 points clear
1 hour -
Leicester City sack manager Steve Cooper
1 hour -
Akwasi Sarpong wins AIBs 2024 Award for BBC OS coverage of Israeli hostage release
1 hour -
Gospel musician Adeline Baidoo shares inspiring story of triumph over adversity
1 hour -
Kwesi Yankah: Escape from Ghana
2 hours -
Musician DeThompson DDT drops new single Happiness
2 hours -
Ukraine’s Grain Initiative raises over $200m, provides lifeline amid global food crisis
3 hours -
Dancehall queen Spice donates to students of 3 basic schools in Accra through MYO Global Foundation
3 hours -
Kamal-Deen Abdulai urges Nanton to help NPP break the 8
3 hours -
TVET is not a dumping ground for underperforming students – C/R Minister
3 hours -
BoG Governor calls for increased preparedness to respond to emerging financial sector challenges
4 hours