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)

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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

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