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Fueltrade Descends On IMANI

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…Over False Claims

Fueltrade Limited has descended heavily on IMANI Africa and its Vice-President, Kofi Bentil, for making false and embarrassing claims that Dr. K. K. Sarpong and his family were the owners of the company (Fueltrade Ltd).

In a press release signed and issued by the Chief Executive Officer (CEO) of Fueltrade Limited, he stated that for Imani Africa and Kofi Bentil to advance their claim in support of wrongdoing they are alleging in respect of the DWT/CPT project, means they have not undertaken 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.”

On 25 April 2019, Imani Africa organised a press conference in respect of developments around the Deepwater Tano Cape Three Points Block (DWT/CTP).

In their presentations, IMANI Africa asserted that Dr. K. K. Sarpong and his family were the owners of Fueltrade Ltd.

This is against the backdrop of Aker Energy’s discovery of oil in commercial quantities at Cape Three Point after it took over from Hess Energy.

IMANI Africa has accused Aker Energy of trying to short-changing Ghana in its petroleum agreement with Ghana for oil production.

Vice President of IMANI Africa, Kofi Bentil indicated that his outfit had picked intelligence of a potential conflict of interest and was seeking further explanations.

But in a sharp rebuttal, Fueltrade CEO stated that the intention of Imani Africa and Kofi Bentil was to drag Fueltrade Ltd into its accusations of involvement in unethical business practices and stressed that that its shareholders are Messrs Chris Chinebuah and Dzifa French Cudjoe, who have the full legal and beneficial interest in the company.

He said “Fueltrade categorically states that it is not legally or beneficially owned by Dr. K. K. Sarpong and/or his family. 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’s Department.

He said in referring to the company as unethical and as being involved in unethical business, based on untruths, and for “ulterior motives, Imani Africa and Kofi Bentil have caused embarrassment and reputational damage to us.”

Fueltrade Limited therefore revealed that it had instructed their lawyers to make a demand for a retraction and apology from IMANI Africa and Kofi Bentil, and threatened that if no such show of remorse materialises, the company will take all steps to protect its business and hard-earned reputation.

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