False publication CBOD denies involvement in massive fraud report

The Ghana Chamber of Bulk Oil Distributors (CBOD) has denied any involvement in shady deals aimed at milking state coffers.

  • Published:
Senyo Horsi, Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors(CBOD) play

Senyo Horsi, Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors(CBOD)

24/7 Live - Subscribe to the Pulse Newsletter!

The Management and Board of the Ghana Chamber of Bulk Oil Distributors(CBOD) has described as unfounded media reports that the chamber is involved in corrupt practices.

The Chamber described the publications as “completely false.” Read more Massive fraud exposed; BOST officials, BDCs cited

Below is the full statement:

It has come to the attention of the Management and Board of the Ghana Chamber of Bulk Oil Distributors (CBOD) a publication on the front page of the Daily Graphic and Daily Post on Thursday, 23rd April, 2015, and captioned as above.

To the extent that the allegations contained in the publication are completely false, and impute serious criminal conduct to unnamed Bulk Oil Distribution Companies, CBOD is giving it the seriousness it deserves. It must be noted unambiguously that:

1. There has been no fraud on the part of industry in our dealings with BOST. 
2. Neither has industry connived with any officials to loot the coffers of the State. 
3. There are no confessions to any collusion to loot coffers of the State.

The attempt by perpetrators of the story to blend voice recordings of evidence given in camera at sittings by a committee set up by the Energy Ministry, to look into complaints by BDCs against some BOST officials, held 3 yrs ago, with an unrelated stock reconciliation audit is most disingenuous and unfortunate.

The Board in consultation with management has resolved to organize a press conference on Monday, April 27th, 2015 to address the allegations of fraud.

We are by this appealing to all Bulk Oil Distribution Companies, oil financing banks and the public to remain calm in the face of these unfounded allegations.

Thank you and God Bless Our Homeland Ghana!

Senyo Horsi
Chief Executive Officer

Recommended Articles

Recommended Videos





Top Articles

1 Mike Oquaye Ghana's Speaker of Parliament is a "big fool" - Sekou Nkrumahbullet
2 REGSEC Coordinator Attack Delta Force Leader apologises to Nana Addo...bullet
3 Cars for MDA's Prez Nana Addo halts purchase of new vehicles...bullet
4 AMERI Power Plant NPP reveals more fishy deal on AMERIbullet
5 Pension Pay 40 former MPs drag govt to court over pension paybullet
6 AMERI Power Plant Here is the full report on the $510m...bullet
7 Ghana's Legal System Judicial integrity badly damaged by...bullet
8 AMERI Power Plant NPP Committee report on AMERI power deal...bullet
9 Sad News Thunder kills prophetess at Assin Fosubullet
10 Wrong Robbery Suspected armed robber electrocuted at...bullet

Top Videos

1 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu Nketiabullet
2 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
3 Prophecy I predicted Kintampo accident - Prophetbullet
4 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
5 Meet Aisha the female mate who aspires to be a driverbullet
6 Meet "The Beast" President Obama's Cadillac that's more tank...bullet
7 Health Alert Fufu is killing Africans - Mensah Otabilbullet
8 In Zimbabwe President Mugabe’s 70 year-old aide marries...bullet
9 Obinim saga We had sex only once - Obinim victims confessbullet
10 Video Taxi driver terrified after an encounter with a...bullet

News