• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • World
CEMSE Drags Life Energy to EOCO Over Alleged Fuel Sales Irregularities

CEMSE Drags Life Energy to EOCO Over Alleged Fuel Sales Irregularities

20 April 2026
FIFA Backs Down on World Cup Investment Plan After Backlash

FIFA Backs Down on World Cup Investment Plan After Backlash

1 August 2026
Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

31 July 2026
NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

31 July 2026
Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

31 July 2026
11 Children Injured After Tipper Truck Rams School Bus Near Accra Mall

One Child Confirmed Dead After Tipper Truck Rams Into School Bus on N1 Highway

31 July 2026
AFC Joins UEFA, CONCACAF to Reject FIFA World Cup Investment Move

AFC Joins UEFA, CONCACAF to Reject FIFA World Cup Investment Move

31 July 2026
Hon. Joana Gyan Cudjoe Vows to Transform Amenfi Central After Years of Neglect

Hon. Joana Gyan Cudjoe Vows to Transform Amenfi Central After Years of Neglect

30 July 2026
VALCO Not for Sale; We’re Looking for Investor, Not a Buyer – Armah-Kofi Buah

VALCO Not for Sale; We’re Looking for Investor, Not a Buyer – Armah-Kofi Buah

30 July 2026
11 Children Injured After Tipper Truck Rams School Bus Near Accra Mall

11 Children Injured After Tipper Truck Rams School Bus Near Accra Mall

30 July 2026
Medeama Get CAF Approval to Host Champions League Matches in Tarkwa

Medeama Get CAF Approval to Host Champions League Matches in Tarkwa

30 July 2026
Salaga South MP Pays Tribute to Late President Atta Mills

Salaga South MP Pays Tribute to Late President Atta Mills

30 July 2026
Gov’t Backs Extension of Presidential, Parliamentary Terms from Four to Five Years

Gov’t Backs Extension of Presidential, Parliamentary Terms from Four to Five Years

30 July 2026
ADVERTISEMENT
  • Advertise
Saturday, August 1, 2026
abcnewsgh
  • Home
  • News
  • Politics
  • Business
  • Sports
No Result
View All Result
abcnewsgh
No Result
View All Result
Home News

CEMSE Drags Life Energy to EOCO Over Alleged Fuel Sales Irregularities

by Newsroom
20 April 2026
in News
0
CEMSE Drags Life Energy to EOCO Over Alleged Fuel Sales Irregularities
6
VIEWS
ShareTweetSendSend

The Centre for Environmental Management and Sustainable Energy has petitioned the Economic and Organised Crime Office to investigate what it describes as suspicious fuel sales data and possible financial irregularities involving Life Energy and some of its retail outlets.

Speaking in an interview on ABC in the Morning, the Executive Director of CEMSE, Benjamin Nsiah, said the organisation’s analysis of publicly available data from the National Petroleum Authority revealed what he termed “super miraculous” sales figures that raise serious red flags.

“We took the NPA public data and realised that an OMC like Life Energy was making some super miraculous sales, which we think can only come through certain malpractices—either by diverting the product from its destination or doing something unusual,” he stated.

According to CEMSE, an analysis of petroleum lifting and sales records for August 2025 showed that Life Energy reportedly lifted about 5.5 million litres of fuel from Rock Africa Limited. The organisation further claimed that four of the company’s outlets—located in Sefwi Osei Kojokrom, Sefwi Debiso, Sefwi Yawmatwa, and Dormaa Ahenkro—each recorded identical monthly sales of approximately 1.38 million litres.

Nsiah questioned the plausibility of these figures, noting that the communities involved are largely peri-urban or rural with relatively low population densities.

“The issue is that these communities are peri-urban or rural communities… yet they are doing an average of about 1.3 million litres a month. That looks very suspicious because the industry average should be around 80,000 to 140,000 litres,” he explained.

He added that such volumes would require daily sales exceeding 44,000 litres per outlet—levels he described as commercially unrealistic for those locations.

CEMSE also raised concerns about what it calls “cross zonalization,” a practice it says could be used to exploit the Uniform Petroleum Pricing Fund.

“Cross zonalization simply means a company loads fuel from Accra or Tema to places like Sefwi or Dormaa Ahenkro, whereas industry practice requires that fuel destined for areas like Bono should be loaded from Kumasi,” Nsiah explained.

He noted that the pricing fund is designed to equalize fuel prices across the country, but warned that improper loading patterns could lead to companies unjustifiably benefiting from the fund.

“If you load from Accra to Sefwi, it means the fund will be paying you. But if the product doesn’t land in Sefwi and instead ends up in Accra, then you are benefiting from the fund at the expense of the petroleum consumer,” he alleged.

The organisation suspects that the uniformity in reported sales across the four outlets may point to possible data manipulation, fictitious reporting, or “round-tripping” of petroleum transactions. It further suggested that some of the fuel volumes may have been diverted to unauthorised markets, including potential cross-border trade.

CEMSE estimates that if the reported figures were used to claim reimbursements under the UPPF, the state could have suffered losses of up to GHS2.5 million.

Nsiah confirmed that the group has submitted its findings to both EOCO and the Office of the Special Prosecutor for further investigation.

“It’s only proper that EOCO or the OSP investigate the truth behind these numbers,” he said, expressing confidence that a thorough probe would establish whether any wrongdoing occurred.

Tags: Benjamin NsiahCentre for Environmental Management (CEMSE)EOCOExecutive Director of CEMSELife EnergyOMCs
ShareTweetSendSend
Newsroom

Newsroom

Related Posts

Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93
News

Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

31 July 2026
NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal
News

NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

31 July 2026
11 Children Injured After Tipper Truck Rams School Bus Near Accra Mall
News

One Child Confirmed Dead After Tipper Truck Rams Into School Bus on N1 Highway

31 July 2026

Recent Posts

  • FIFA Backs Down on World Cup Investment Plan After Backlash 1 August 2026
  • Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93 31 July 2026
  • NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal 31 July 2026
  • Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches 31 July 2026
  • One Child Confirmed Dead After Tipper Truck Rams Into School Bus on N1 Highway 31 July 2026
  • Trending
  • Comments
  • Latest
PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

18 July 2024
China displeased with Ghana media misreporting of IMF deal

China displeased with Ghana media misreporting of IMF deal

25 May 2023
Bawumia declares 2024 presidential bid

Group picks up NPP’s flagbearership forms for Bawumia.

26 May 2023
LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

12 September 2024
2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2
Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

1
‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

1
Bawumia launches local streaming platform Ghana Music Xperience

Bawumia launches local streaming platform Ghana Music Xperience

1
FIFA Backs Down on World Cup Investment Plan After Backlash

FIFA Backs Down on World Cup Investment Plan After Backlash

1 August 2026
Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

31 July 2026
NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

31 July 2026
Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

31 July 2026
abcnewsgh

Copyright © 2026 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports

Copyright © 2026 ABCNewsGH.