Fraudulent activities Massive fraud exposed; BOST officials, BDCs cited

Investigations have revealed that officials at the Bulk Oil Storage and Transport are engaged in fraudulent activities.

  • Published:
Senyo Hosi, Chief Executive Officer of BOST play

Senyo Hosi, Chief Executive Officer of BOST

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President John Mahama's anti-corruption stance which has led to state initiated investigations into operations of some state institutions continues to bear fruit.

For some time now, his target has been activities at BOST (Bulk Oil Storage & Transport) Limited and sources assert that corruption of gargantuan proportions has been unearthed.

Some workers, sensing danger ahead, last week began agitations over reforms they claim the Managing Director was undertaking to their disadvantage.

However, the Daily Post's sources have hinted that the agitations are the result of the existence of the investigative report which implicates some officers (of BOST) in collusion with some Bulk Distribution Companies (BDCs) in fleecing the nation of millions of dollars.

But before that report is made available to the public, the 'Daily Post' managed to intercept its most damning part; a tape of a shocking confession by no less a person than Senyo Hosi, the Boss of BDCs and his gang at a committee believed to have been set up by government to investigate fraud, arm twisting and collusion in the operations of BOST

On the tape, Senyo Hosi and his colleagues were heard confessing that they sometimes lobby, including paying various sums of cash to influence processes at BOST. They lamented about how failure to play ball sometimes leads to sanctions by the public servants at the company.

Senyo was heard banging the table in his confession when he said that anyone in the business who denied the existence of the bribery and collusion was a hypocrite.

They admitted that, the amount of bribe paid usually depends on the level of need. One, however, admitted paying Ghc10,000 sometimes to the officers at the depot.

The confession and the final report of the investigations launched at the behest of the President showed how the state, thanked to some public servants at BOST in collusion with the BDCs has led to the loss of millions of Ghana cedis to the state.

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