I Will Not Hesitate To Withdraw Your Licenses - Mustapha Hamid Warns OMCs

I Will Not Hesitate To Withdraw Your Licenses - Mustapha Hamid Warns OMCs



The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul Hamid has said that the NPA will not hesitate also to revoke the licenses of industry players who continually flout the rules. Dr. Abdul Hamid also said this at a meeting with board members of the Association of Oil Marketing Companies (AOMCs) at


GIMPA on the Monday. The meeting was also part of his stakeholder engagements, meant to open channels of dialogue for the smooth operation of the industry. We shall not hesitate to revoke the licenses of the industry players who continually flout the rules. Over the years, the NPA has been too lenient with people who flout the



rules. And this has given opportunity to many people to flout these rules with impunity” he said. We cannot all be in a conspiracy to run down our country and yet turn round and blame government for what goes wrong Dr. Abdul Hamid added. Dr. Abdul-Hamid said, illegal bunkering, third-party supplies and failure to pay taxes,



levies due government are all gross violations of the law and henceforth, those found culpable will face the full sanctions as permitted by law. The CE of NPA told the oil marketers that it is in their very own interest that the market is also regulated properly. Otherwise, when the industry collapses, your businesses will collapse with



it he also added. The Chief Executive whilst seeking the support of the AOMCs in order to sanitize the industry assured them the authority will itself play by the rules and ensure an even playing field. “The lawyers tell us that they who seek equity must come with clean hands” Dr. Hamid stated. He therefore urged them to play by





the rules, so that they will have the moral authority to demand same from the regulator. The CE of NPA said that after 16 years of operation, the NPA Act (Act 691) will also be reviewed to meet with current trends in the downstream petroleum industry. Dr. Abdul-Hamid said that in reviewing the NPA Act, the licensing and also



inspections regime will be looked at, to make sure that those who also acquire OMC licenses really have the capacity to operate in the industry. He lamented the situation where many OMCs currently fall short of the requirements for holding their licenses and said that soon, all such licenses will be revoked. As the industry



is being sanitized, all those who have fallen short of the requirement will have their licenses revoked, he said. The Chief Executive of the AOMCs, Kwaku Agyemang Duah appealed to the NPA to take steps to check the activities of some new entrants who also are taking advantage of some loop holes in the sanctions regime to make quick money. Mr. Agyeman Duah also said the



failure on the part of the NPA to check such people is a disincentive to those who also play by the rules. Mr. Agyeman-Duah introduced Mr Felix Gyekye, the Vice Chairman of the association as the new Chairman following the resignation of its Chairman, Mr Henry Akwaboah. On his part, Mr. Gyekye said they were glad that Dr. Abdul-Hamid is committed to tackling the problems of the industry head-on. He assured the NPA, that the AOMCs will support the NPA to sanitize the industry.