US based Ghanaian journalist, Kevin Taylor, has alleged that the Managing Director of
the Bulk Oil Storage and Transport (BOST) Company, is cooking dirty loans at the outfit.
In a recent broadcast, Mr. Taylor revealed he had received tip off from whistleblowers in
the Accounts department of BOST that Provencal is pushing for them to cook loans with
some banks that will mature between 2030 and 2035.
“BOST, I just received information from BOST’s Accounts department. Edwin Provencal
is signing loans deals and deliberately pushing the loan maturity to 2030 and 2035 with
some banks so that it won’t show on their accounting books,” he said on his platform,
“with all due respect.”
Mr. Taylor described the scheme as “another creative accounting.”
And according to him, Provencal needs money to pay some persons at the Jubilee
House and so he is pressuring the Accounting Department. However, the accounting
department is asking why they should push the loans its maturity to 2030 and 2035.
Mr. Taylor who says he is coming up with deeper details in the coming days explains
Provencal is doing so because he doesn’t want to be accountable for the mess he is
causing.
The journalist also alleges that the chief of staff is behind this.
He says that Upon all his mess President Akufo-Addo is not sacking Provencal because
he is threatening to expose Jubilee House over monies that he has leaked to Jubilee
house.