{"id":610527,"date":"2019-04-26T14:50:44","date_gmt":"2019-04-26T14:50:44","guid":{"rendered":"<br><div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghana-mma.com\/2019\/04\/Kofi-Bentil.png\" alt=\"Conflict of interest claim: Fueltrade"},"modified":"2019-04-26T14:50:44","modified_gmt":"2019-04-26T14:50:44","slug":"fueltrade-demands-apology-from-imani","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/04\/26\/fueltrade-demands-apology-from-imani\/","title":{"rendered":"Fueltrade demands apology from IMANI"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img decoding=\"async\" class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghanamma.com\/2019\/04\/Kofi-Bentil.png\" alt=\"Conflict of interest claim: Fueltrade demands apology from IMANI\"\/><span class=\"featured-image-caption\"><br \/>\nVice President for IMANI Africa, Kofi Bentil made the claim during a press conference <\/span><br \/>\n<\/figure>\n<div class=\"mom-ads-wrap  \">\n<div class=\"mom-ads ads-layout-rotator ads-rotator-id-624\" style=\"width:728px; height:90px;\">\n<div class=\"mom-ads-inner\">\n<div class=\"mom-ad\" data-id=\"1236\" style=\"width:728px; height:90px; \">\n<img loading=\"lazy\" decoding=\"async\" class=\"appear\" src=\"https:\/\/cdn.ghanamma.com\/2019\/04\/Say-yes-to-ads-Banner-728-X-90.jpg\" alt=\"Right Below Featured Image\" width=\"728\" height=\"90\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Fueltrade Ltd has refuted IMANI Africa\u2019s claims it is owned by the\u00a0Chief Executive Officer (CEO) of the Ghana National Petroleum Company (GNPC) Dr. K.K. Sarpong.<\/p>\n<p>IMANI had said that Dr. Sarpong had ties with Fueltrade, a partner agency of Aker Energy, claiming a conflict of interest against him.<\/p>\n<p>This is against the backdrop of\u00a0Aker Energy\u2019s discovery of oil in commercial quantities at Cape Three Point after it took over from Hess Energy.<\/p>\n<p>IMANI Africa has accused Aker Energy of trying to\u00a0<span style=\"color: #666699;\"><strong>short-changing Ghana<\/strong><\/span> in its petroleum agreement with Ghana for oil production.<\/p>\n<p>Vice President of IMANI Africa, Kofi Bentil\u00a0indicated that his outfit had picked intelligence of a potential conflict of interest and was seeking further explanations.<\/p>\n<p>But in a statement,\u00a0Fueltrade Ltd noted that \u201cits shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company.\u201d<\/p>\n<p>\u201cFueltrade categorically states that it is not legally or beneficially owned by Dr. K. K. Sarpong and\/or his family,\u201d the statement added.<\/p>\n<p>The company held that IMANI did not \u201cundertake any verification because they set out to act and speak with malice and\/or reckless disregard for the truth, in order to achieve a collateral purpose.\u201d<\/p>\n<p>In view of this, the company says it has instructed its lawyers \u201cto make a demand for a retraction and apology from\u201d from IMANI.<\/p>\n<p>\u201cIf no such show of remorse materialises, we will take all steps to protect our business and hard-earned reputation,\u201d the statement concluded.<\/p>\n<p>K.K. Sarpong also released a statement of his own <span style=\"color: #666699;\"><strong>saying the allegations levelled against him were untrue.<\/strong><\/span><\/p>\n<p>He said the involvement of Fueltrade in the Aker agreement was sealed even before he was appointed.<\/p>\n<blockquote>\n<p>\u201cFueltrade\u2019s 2% stake in the Deepwater Tano Cape Three Points Block was acquired in 2014 long before my appointment in 2017 as Chief Executive of GNPC.\u201d<\/p>\n<\/blockquote>\n<p>He also asked for an apology from IMANI over the claims.<\/p>\n<p><strong>Find below the full statement<\/strong><\/p>\n<p>STATEMENT BY FUELTRADE LTD IN RESPECT OF DEFAMATORY STATEMENTS MADE ABOUT IT BY IMANI AFRICA AND KOFI BENTIL<\/p>\n<p>On 25 April 2019, Imani Africa organised a press conference in respect of developments around the Deepwater Tano Cape Three Points Block (DWT\/CTP).<\/p>\n<p>Speaking through its Vice-President, Kofi Bentil, Imani Africa asserted that Dr. K. K. Sarpong and his family were the owners of Fueltrade Ltd.<\/p>\n<p>Imani Africa and Kofi Bentil advanced this claim appears in support of wrongdoing they are alleging in respect of the DWT\/CPT project. In particular, Imani and Kofi Bentil stated that it was ethically wrong for Fueltrade Ltd, a company allegedly owned by Dr. K. K. Sarpong and his family, to be a partner on the DWT\/CTP project.<\/p>\n<p>The clear but unfortunate intention of Imani Africa and Kofi Bentil was to drag Fueltrade Ltd into its accusations of involvement in unethical business practices.<\/p>\n<p>Fueltrade Ltd wishes to state that its shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company. Fueltrade categorically states that it is not legally or beneficially owned by Dr. K. K. Sarpong and\/or his family.<\/p>\n<p>Imani Africa and Kofi Bentil had ample opportunity, before the press conference, to verify the ownership of Fueltrade Ltd. They could have verified ownership by engaging directly with Fueltrade Ltd, or by conducting a search into the easily accessible records at the Registrar-General\u2019s Department.<\/p>\n<p>Fueltrade Ltd is convinced that Imani Africa and Kofi Bentil did not undertake any verification because they set out to act and speak with malice and\/or reckless disregard for the truth, in order to achieve a collateral purpose.<\/p>\n<p>In pronouncing our company as unethical and as being involved in the unethical business (based on untruths) and for ulterior motives, Imani Africa and Kofi Bentil have caused embarrassment and reputational damage to us. We have instructed our lawyers to make a demand for a retraction and apology from them. If no such show of remorse materialises, we will take all steps to protect our business and hard-earned reputation.<\/p>\n<p>Signed by<\/p>\n<p>Chris Chinebuah, CEO<\/p>\n<p><span class=\"ctx-article-root\"\/>  <\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President for IMANI Africa, Kofi Bentil made the claim during a press conference Fueltrade Ltd has refuted IMANI Africa\u2019s claims it is owned by the\u00a0Chief Executive Officer (CEO) of the Ghana National Petroleum Company (GNPC) Dr. K.K. Sarpong. IMANI had said that Dr. Sarpong had ties with Fueltrade, a partner agency of Aker Energy, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":610129,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-610527","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fueltrade demands apology from IMANI - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/26\/fueltrade-demands-apology-from-imani\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fueltrade demands apology from IMANI - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Vice President for IMANI Africa, Kofi Bentil made the claim during a press conference Fueltrade Ltd has refuted IMANI Africa\u2019s claims it is owned by the\u00a0Chief Executive Officer (CEO) of the Ghana National Petroleum Company (GNPC) Dr. K.K. 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