Kufuor Camp Exposes Ken Agyapong & Wife’s Multimillion Dollar State Contracts



The jostle for power within the opposition New Patriotic Party (NPP), has started yielding some dividends for Ghanaians, as elements of that party have started revealing the rot which went on under John Agyekum Kufuor’s administration, just to keep party folks happy at the expense of the state.

One such incident is how the then President Kufuor, allowed Kennedy Ohene Agyapong and his wife, Stella Wilson to use two companies namely; Imperial World and Mina D’Oro Ventures to cream millions of the United States Dollars, under the National Electrification Scheme from the Ministry of Energy.

Documents received from the Kufuor camp, revealed shockingly how State contracts were broken into bits and pieces for Imperial World and Mina D’Oro Ventures for the benefit of Ken Agyapong and his wife.

Another shocking thing is that there are no documents showing that the juicy contracts were subjected to competitive tender process, with Mr. and Mrs. Agyapong emerging fair winners based on pricing and quality of the products to be supplied.

But documents available to The Herald, rather showed Stella Wilson, acting separately as the Managing Director (MD) of both Imperial World and Mina D’Oro Ventures, profiting from the supply of electrical materials, a multimillion dollar project under the Energy Ministry, at the same time.

It is unclear why Stella, who in other private business transactions and professional life, uses Mrs. Stella Agyapong, kept secret her marital name in these state-dished out contracts.

The document, also suggested that Stella Agyapong, fronted for her husband, Ken Agyapong, who interestingly was among the first persons to expose the judgement debts fraudulently paid to Alfred Agbesi Woyome, Waterville and others.

The two companies, have their bank accounts at the Agriculture Development Bank (ADB), Madina Branch, located inside the Hollyywood Arcade Building, which is owned by Ken Agyapong, from where his two media houses, Oman FM and Net2 TV operate.

Imperial World Limited runs account number 1131000013929, whilst, Mina D’Oro Ventures transact business with account number 1131000003302.

One of the document authored by the then Energy Minister, Felix Owusu-Agyapong, directed the Ministry of Finance and Economic Planning to pay a whopping Five Million, One Hundred and Seventy-Five Thousand United States Dollars (US$5,175,000) to Messrs Imperial World Limited for electrical materials supplied.

The contract sum dished out to the couple through Messrs Imperial World, a memo from the Internal Audit Unit of the Ministry of Energy also available to The Herald, revealed was fourteen million, nine hundred and ninety six thousand, three hundred and eight US dollars, eighty eight cents (US$14,996,308.88)

In another instance, even before a supply agreement could be signed, the Kufuor government through Dr. Anthony Akoto Osei, then Minister of State at the Finance Ministry, had shockingly authorized payment for the yet to be delivered items from Ken Agyapong and his wife, Stella Wilson.

In this case, a supply agreement was to be signed between the Ministry of Energy and Mina D’Oro Ventures Limited dated September 29, 2008, but two clear months before the signing of the contract a total of US$1,650 million had been paid to the couple by the government.

Mr. Agyapong, who is the NPP Member of Parliament (MP) for Asssin Central, recently on Accra-based Adom FM, admitted he made lots of money during the Kufuor regime.

He openly confessed how he was given preferential treatments when it came to business transactions.

The MP, was forced to make the admission, following President Kufuor’s rebuttal of his claim that he was once driven out by from his (Mr. Kufuor’s) Airport West residence for not supporting Mr. Alan Kyremanten, whom Mr. Kufuor wanted as his replacement, not Nana Akufo-Addo.

The documents available to The Herald were handed over to the paper to demonstrate how President Kufuor and elements within his government bent the rules many times to favour Mr. Agyapong.

Recently, the Kufuor camp challenged Mr. Agyapong to name any of his so-called manufacturing companies he claimed were scattered in Accra and other parts of the country. They insisted that Mr. Agyapong was made a billionaire under the Kufuor regime, and mentioned juicy contracts dished out to him on a silver platter.

He was mainly importing Chinese products for government sometimes at inflated prices.

The camp also mentioned huge sums paid to him as finders’ fee in the construction of the Bui Hydro Power project in the Brong Ahafo Region.

Pushed to the wall, Ken Agyapong admitted making a fortune under the Kufuor government and apologised to the ex-president.

Meanwhile, government has been slapped with another huge judgement debt by Accra Fast Track High Court in favour of a former MD of Agricultural Development Bank (ADB), Yaw Opoku Atuahene.

The Herald learnt that Mr. Atuahene, is to be paid a whopping GH¢400,000 as his entitlement for a wrongful termination of his appointment by the bank.

The Herald has launched an investigation into what brought about the judgement debt and claims that Mr. Atuahene’s exit from ADB had something to do with Mr Agyapong and wife’s Imperial World and Mina D’Oro Ventures.

Mr. Atuahene, is said to have sued the bank through his lawyer, Mr. Godfred Yeboah Dame, for wrongful dismissal, but the bank filed its response and made counter claims of fraud against him.

However, the court, presided over by Mr Justice P. S. Ofei, after a full trial, entered judgement in favour of Mr Atuahene and further directed the bank to calculate the plaintiff’s end-of-service benefits and pay same. More to come!

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