STC TURMOIL: Assets Mismanaged and Official Vehicles Sold Off

…Akomea and Deputies Accused of Taking STC’s Official Vehicles

Startling revelations have surfaced regarding the management practices at the State Transport Company (STC) under the leadership of the previous team headed by Nana Akomea. The aftermath of their departure has left new appointees appointed by President John Mahama in dismay.

There is outrage as it has come to light that the former Managing Director (MD) and his deputies vacated their positions, taking away the official vehicles allotted to them. Consequently, the current directors are left without any official vehicles, resorting to the use of their personal cars for official duties.

To exacerbate matters, it has been discovered that STC does not possess any official vehicles as the two pickups acquired in 2020, along with some buses, are currently out of commission. This situation has severely affected the operational efficiency of the company.

Furthermore, there are concerns regarding the mismanagement of assets, including training schools and land properties, which have been handed over to private individuals and companies. It has been alleged that these assets are being exploited without proper authorization or oversight.

Deputy MD Nuhu Hamidan revealed that the company’s financial accounts have not been audited since 2021, highlighting a lack of transparency and accountability within the organization.

The contentious issue revolves around an arrangement allegedly sanctioned by the previous administration, allowing top management officials to acquire the official vehicles at a discounted rate upon their exit from the company. This practice has raised questions about ethical conduct and accountability within the state-owned entity.

Hamidan lamented the dire state of affairs at STC, emphasizing the need for thorough investigations and corrective measures to rectify the mismanagement and alleged malpractices perpetrated by the previous leadership. The new management team, he assured, is dedicated to upholding President Mahama’s vision for the revitalization of the company.

The ongoing audit exercise aims to uncover the extent of financial irregularities and asset mismanagement within STC. Hamidan underscored the commitment to accountability and justice, signaling a resolve to hold accountable those responsible for jeopardizing the company’s integrity and financial stability.

In summary, the future of STC hangs in the balance as efforts are underway to address the systemic issues plaguing the organization and restore public trust in its operations.