Crime & Punishment of Wednesday, 11 April 2018Source: www.ghanaweb.comNational Security arrests five in oil smuggling schemeSmuggled fuel loaded in a truckPoised to ensure bad industry practices do not thrive at the expense of those playing by the rules, the National Petroleum Authority (NPA) in collaboration with National Security has arrested five persons suspected to be part of a cartel dealing in illegal smuggling of petroleum products, last Monday. The ringleader Isaac Allotey, 34 with four others including the owner of one of the lifeboats used in the operation who were arrested by a team from national security personnel who were on a night recce are currently being investigated. Security officials say Allotey told them he buys each “Kuffour” gallon of fuel at the cost of GHS 80 and he sells it at GHS 100, making a profit of GHS 20. Samples of the products are expected to undergo laboratory test by NPA officials to authenticate their quality. The smuggling of petroleum products has been of great concern to the NPA, National Security and the Oil Marketing Companies (OMCs), as it negatively affects government’s revenue and the profit margins of the OMCs.

Source: GhanaWeb April 11, 2018 03:33 UTC