Myjoyonline News
 Home Page
 General News
 Business
 Politics
 Sports
 Health
 Education
 Articles/Features
 Science & Technology
 Entertainment
 Travel/Tourism
 Africa & International
 Nations Cup 2008
 
 
"Big Men" at the Presidency frustrated me - Kofi Wayo
Previous Page
 
Kofi Wayo
Kofi Wayo
 
 
 
 
   
 
Charles Kofi Wayo, a Board Member of the Energy Commission is claiming that some “big men” at the Presidency frustrated his efforts to secure crude oil for Ghana at very cheap rates.

The Maverick politician says the Minister of Energy, Dr Joseph Oteng Adjei and the Board Chairman of TOR, refused to secure him a Bank guarantee for the transaction despite a directive from President John Mills to that effect.

Mr Wayo claims he had earlier secured 33, 200 barrels of crude for TOR on July 23, as proof to the President that he could secure larger cargos at cheaper rates monthly for the Refinery.

He however alleged that his efforts were crippled by some officials in Government who felt threatened that the President’s confidence in him could amount to blocking their corrupt means of making money in the oil industry.

“I brought them oil and then the president authorized them to give me a guarantee. Instead of giving me the guarantee, they took that authority and went to do their own business with Sahara…I know they would fight Atta Mills if he wants to deal with me because they want their bribes, they are used to it and I know they are not prepared to give it up,” he said.

Mr Wayo, who claims he lost about 500,000 dollars in bringing in the 33,200 barrels of oil for TOR alleged that the Energy Minister and Management of the Refinery sidelined him in favour of Sahara Oil despite the President’s directives that the two officials secure a bank guarantee for him to facilitate his efforts to secure crude for the country at very cheap rates.

“They lied to the President and gave the guarantee to Sahara so they can make some money when I had another ship there ready to come in and give them oil at a cheaper cost,” he said.

Kofi Wayo claims he has been selling crude oil to Nigeria for the past fifteen years and therefore his experience puts him in the right position to help TOR solve its problems.

“Nigeria has over two million barrels of crude oil but they line up for petrol. I have been selling products to them for almost fifteen years now. I have all the experience to help my country but they don’t want to deal with me,” he lamented.


Source: Citifmonline.com


       

 
  Popular Stories


Search Our Website
 
 
 
MORE BUSINESS HEADLINES
   "Big Men" at the Presidency frustrated me - Kofi Wayo
   Re-engaging Vodafone is best for the country-Haruna Iddrisu
   Nii Moi Thompson: Decentralisation is key to country's development
   Nduom: Constitution must define Ghana's growth path
   Experts suggest judicious use of WAGP in sub-region
   'Our fishermen need support'
   More mobile phone operators back calls for number portability
   Joy FM rewards most innovative worker
   Commercial drivers directed not to increase fares
   4Kids on Multi TV tours children's worlds
   Bio-diesel from sunflower
   Database on farmers underway
   Intercontinental Bank raises GH˘28.9m
   Agric show for November
   Ghana rebranding kicks off