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HomeAfricaMAX BUSINESS: OSP orders TOR to halt proposed partnership with TEPL 

MAX BUSINESS: OSP orders TOR to halt proposed partnership with TEPL 

Date:

The Office of the Special Prosecutor (OSP) has directed the management of the Tema Oil Refinery (TOR) to suspend with immediate effect its proposed partnership agreement with Tema Energy and Processing Limited (TEPL).

 

This comes on the back of opposition by the staff of TOR over the partnership agreement with Torentco Asset Management Limited, now Tema Energy and Processing Limited.

 

The OSP, in a letter dated November 21, 2023, and addressed to the Managing Director of TOR, Daniel Osei Appiah, said, “It has commenced an analysis of the risk of corruption in respect of the proposed partnership.”

 

“You are directed to immediately suspend the proposed partnership agreement, ongoing negotiations, operations, and all other ancillary activities arising out of and consequent upon the proposed partnership agreement until you are otherwise advised by the Special Prosecutor.”

 

Attached is the full letter from the OSP.

Source: Ghana/MaxTV/MaxFM/max.com.gh/Belinda Quansah
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