Fuel Trade Demands Apology From IMANI

Fuel Trade Limited has refuted IMANI Africa’s claims it is owned by the Chief Executive Officer (CEO) of the Ghana National Petroleum Company (GNPC), Dr K.K. Sarpong.

IMANI Africa has accused Aker Energy of trying to short-change Ghana in its petroleum agreement with Ghana for oil production.

Vice-President of IMANI Africa, Kofi Bentil indicated that his outfit had picked intelligence of a potential conflict of interest and was seeking further explanations.

But in a statement, Fuel Trade Limited noted that “its shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company”.

“Fuel Trade categorically states that it is not legally or beneficially owned by Dr. K.K. Sarpong and/or his family,” the statement added.

The company held that IMANI 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 view of this, the company says it has instructed its lawyers “to make a demand for a retraction and apology from” from IMANI.

“If no such show of remorse materializes, we will take all steps to protect our business and hard-earned reputation,” the statement concluded.

K.K. Sarpong also released a statement of his own, saying the allegations levelled against him were untrue.
He said the involvement of Fuel Trade in the Aker agreement was sealed even before he was appointed.

“Fuel Trade’s two percent stake in the Deepwater Tano Cape Three Points Block was acquired in 2014, long before my appointment in 2017 as Chief Executive of GNPC.”