Former COCOBOD CEO, Dr Opuni Sued For Causing Financial Loss To The State

Former CEO for COCOBOD, Dr Stephen Kwabena Opuni

The state has filed a case of financial loss against Dr Stephen Kwabena Opuni, a former Chief Executive Officer (CEO) of the Ghana COCOBOD with one Seidu Agongo.

A total of 27 charges have been levelled against them, Graphic Online has gathered.

The case is said to be called on Friday, March 23, 2018 at the High Court.

The Suit

Dr Opuni has  been sued together with one business man,Seidu Agongo, CEO of Agricult Ghana Limited for fraudulently benefiting from a contract worth Forty Three Million, One Hundred and Twenty Thousand Cedis (GhS 43, 120,000) between 2013 and 2016.

The Attorney General’s suit of Twenty-Seven (27) charges include abetment of crime, defrauding by false pretence, conspiracy to commit crime and willfully causing financial loss to the state.

“Mr. Stephen Kwabena Opuni between November 2014 and November 2015 in Accra in the Greater Accra Region, abeted Seidu Agongo and Agricult Ghana Limited to defraud Ghana COCOBOD  of the sum of Ghc 75, 289, 314.72,” the suit said.

In 2013 and November 2014, Mr Agongo is said to have “falsely” represented COCOBOD to supply Lithovit Follar Fertilizer from Germany for application by farmers for the 2013/2014  cocoa season.

“Stephen Kwabena Opuni on the 10th of October 2014 in Accra, agreed to permit  your conduct as the Chief Executive Officer  of COCOBOD to be influenced with an amount of Twenty Five Thousand Ghana Cedis (Ghc25,000) from Seidu Agongo”.

The CEO of COCOBOD is also accused of failing to follow procurement processes and single-sourced procurement.

Mr Agongo, on the other hand,and his Agricult Company is accused for selling  misbranded fertilizer to the public contrary to section 114(1(b) of the Plants and Fertilizer Act, 2010 (Act 803)

He, among other things, also manufactured fertilizer in commercial quantities without registration, according to the suit.

In February 2017, the Economic and Organised Crimes Office (EOCO) froze the assets of Dr Opuni as part of investigations into his period as CEO of COCOBOD.

in the run up to the 2016 elections, Dr Opuni was alleged by many to have mismanaged the cocoa sector during his tenure, an allegation some also thought caused NDC’s humiliating loss in the elections.

Dr Opuni was relieved of his post on January 12, 2017.


Source: Ghana/