EDITORIAL: TOR And Fake Bank Guarantees

The Tema Oil Refinery (TOR), Ghana�s only refinery is in the news again. This time round, it has nothing to do with procuring crude oil for its plant. It borders on the acceptance of Bank Guarantees pledged by some companies to TOR, have been proved to be fake - at best they can be considered to be 419 Bank Guarantees. The Prime Investigator has leant upon follow-ups to a lead that some Oil Marketing Companies in lifting the Black Gold; used the Letter Head and Seal of the SG-SSB to authorize such fake Guarantees.

 
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