The Bulk Oil Storage and Transportation (BOST) reviews that Nationwide Safety is actively pursuing the administrators of 44 oil advertising and marketing firms which have ‘disappeared’ with practically GH₵60 million in unpaid levies.
These firms collected levies and margins from promoting petroleum merchandise however didn’t go the funds on to BOST, now generally known as Bulk Vitality Storage and Transportation Restricted (BEST).
The Chief Government Officer of BEST, Dr Edwin Provencal, said that nationwide safety is actively monitoring down the administrators of those firms for prosecution.
“They arrange firms, they rack up the BOST margin, they use it for his or her private curiosity and so they kill the corporate,” he lamented.
He defined that when petroleum merchandise are offered, Oil Advertising Firms (OMCs) are required to gather the BOST margin and remit it to the Nationwide Petroleum Authority (NPA), which then forwards it to BOST.
Nonetheless, these OMCs collected the funds however failed to take action.
“When it goes on for some time, the corporate is closed down, you possibly can’t discover the administrators. As we converse, these 44, we’re in court docket with about 26 of them for them to pay the cash.
“After which for the remainder, the businesses are useless. Hopefully, with the ability of presidency, we will increase the veil and go after the administrators. We’ve got escalated to [Economic and Organised Crime Office] EOCO, we’ve had some debt assortment firm with us,” he stated.
Dr. Provencal said that BEST is working diligently to recuperate the funds.
Since that is authorities cash, he emphasised that there’s a sturdy case for lifting the veil of incorporation to carry the administrators personally accountable.