Dr. Edwin Provencal is CEO of BOST
The Chief Executive Officer of BEST, Dr. Edwin Provencal, has revealed that national security is after directors of 44 marketing companies for disappearing with GH¢60 million in levies owed to the Bulk Oil Storage and Transportation (BOST), now known as Bulk Energy Storage and Transportation Limited (BEST).
According to him, these companies collected levies and margins from selling petroleum products but failed to remit the funds to BOST.
He added that the company will prosecute these culprits when they are apprehended.
The Auditor General’s 2023 audited accounts confirmed that these companies indeed collected these levies which were to be remitted to the National Petroleum Authority (NPA) for onward transmission to BOST but they cannot be traced.
“When it goes on for a while, the company is closed down, you can’t find the directors. As we speak, those 44, we are in court with about 26 of them for them to pay the money.
“And then for the rest, the companies are dead. Hopefully, with the power of government, we can raise the veil and go after the directors. We have escalated to [Economic and Organised Crime Office] EOCO, we’ve had some debt collection company with us,” Provencal said according to myjoyonline.com on August 21, 2024.
Dr. Provencal further explained that the culprits “set up companies, they rack up the BOST margin, they use it for their personal interest, and they kill the company.”
SSD/NOQ
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