• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, December 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

SML Deal: Kpebu Calls For Ofori-Atta’s Prosecution

Lilian Ahedorby Lilian Ahedor
May 23, 2024
Reading Time: 4 mins read
Kpebu on BoG dismissals

Esq. Martin Kpebu on Change in Governance

Martin Kpebu, a private legal practitioner and anti-corruption crusader, has urged the authorities to take immediate action and prosecute former Finance Minister, Ken Ofori-Atta, for his involvement in the controversial SML deal, which has caused substantial financial damage to the state.

Mr. Kpebu emphasized that officials of SML must be held accountable and included in the prosecution, alongside former Finance Minister Ken Ofori-Atta, for their roles in the controversial deal.

As such, he justified that the severity of the full KPMG audit report’s findings warrants the prosecution of all individuals involved in drafting and executing the contract.

RelatedPosts

NRSA Demands Dedicated Motor Lanes to Curb ‘Meandering’ After Okada Legalization

Mahama Ayariga Heeds President Mahama’s Call, Withdraws OSP Repeal Bill

Mahama Rallies for New Era of African Economic Independence at Kenya’s 62nd Jamhuri Day

Furthermore, he advocated for the immediate cancellation of the contract, citing the significant financial losses it has incurred for the state.

“I have seen parts of the [audit] report. The ones that are saying that SML didn’t deliver. So we need to now quantify how much we lost and to hold Ofori-Atta and the other persons involved for this loss. Let’s not forget we need to terminate this agreement”.

Martin Kpebu

He argued that SML’s failure to fulfill its contractual obligations provides a clear basis for terminating the deal, as the company has not met its agreed-upon responsibilities.

He noted that, according to legal precedent set by the Supreme Court, when a contract is deemed void, public entities are not obligated to make payments, as this could facilitate collusion among public officials and enable them to profit from unfulfilled contracts.

ADVERTISEMENT

However, he clarified that, while a contract may be deemed void under general contract law, if work has already been completed, payment is still required to ensure fairness and prevent unjust consequences, where one party bears the burden of faulty legal documentation.

“In this SML case, we should order a recovery of the money, that’s what we should do. Ofori Atta knew this, we have to hold this man responsible… I don’t know why we sat down as a country and allowed Akufo-Addo and his brother to just run this country aground”.  

Martin Kpebu

Furthermore, the lawyer alleged that the President and the former Minister of Finance have a pattern of meddling in all state contracts to illegitimately enrich themselves, their families and associates.

He pointed out that the President has failed to keep his promise to avoid nepotism in government, instead appointing his brother to head the Ministry of Finance. “Look at the kind of contracts he was approving and even extending”, he added.

KPMG’s Suggestion Deemed Unworkable

Moreover, Martin Kpebu argued that KPMG’s suggestion to seek Parliamentary approval for the SML deal through the Finance Ministry is unrealistic and unworkable, given the circumstances.

KPMG

“It’s neither here nor there. Don’t forget [that] KPMG is not that independent, KPMG does business with the government so they’ve been very soft. Look…if you want to know how KPMG has played it very soft, it beggars belief that KPMG did not interview Manasseh…who originated this”.

Martin Kpebu

Martin Kpebu further observed that the President’s decision to withhold the KPMG report from the Fourth Estate when it requested it, was a deliberate attempt to conceal the truth about the deal, likely because the President knew that the public would be outraged by the report’s revelations.

Martin Kpebu urged the Fourth Estate to take further action by pursuing legal recourse, seeking justice in the courts, and holding the Presidency accountable for its refusal to disclose the document, despite the Fourth Estate’s rightful invocation of the Right to Information Act (2019).

Meanwhile, the newly released KPMG report exposed a discrepancy in the payment amount to SML, contradicting the Presidency’s Whitepaper which claimed payment of GH₵1 billion. In reality, the Ghana Revenue Authority (GRA) paid a significantly higher amount of GH₵1.4 billion for the deal.

READ ALSO: Matheson Faces Suspension Over £11k Football Streaming Expenses

Tags: CorrupptionGhana Revenue Authority (GRA)Ministry of FinanceNepotismParliamentSML Deal
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Deputy Energy Minister Advocates for Green Hydrogen Adoption

Next Post

Economist Implores Gov’t to Slash Fiscal Expenditure Before 2024 Elections

Related Posts

Pearl Satekla, NRSA Public Relations Officer
General News

NRSA Demands Dedicated Motor Lanes to Curb ‘Meandering’ After Okada Legalization

December 12, 2025
Hon. Mahama Ayariga, Majority Leader
General News

Mahama Ayariga Heeds President Mahama’s Call, Withdraws OSP Repeal Bill

December 12, 2025
President John Dramani Mahama
General News

Mahama Rallies for New Era of African Economic Independence at Kenya’s 62nd Jamhuri Day

December 12, 2025
Professor Ernest Kofi Davis, Acting Director-General, Ghana Education Service
General News

GES Pays Outstanding Feeding Grants for Special Schools and Perishables for SHS/SHTS

December 12, 2025
Hon. Felix Kwakye Ofosu, Minister for Government Communications
General News

Kwakye Ofosu Defends GHS 2.5 Billion Military Retooling Plan as Essential Priority

December 12, 2025
Chief Superintendent Alexander Kwaku Obeng, MTTD Director of Education, Research and Training
General News

Road Crashes Kill 2,600 People in 11 Months, MTTD Warns of Escalation During Christmas

December 12, 2025
GSE Roars Higher as Market Cap Hits GHS 166.9bn in Explosive Trading Session
Uncategorized

GSE Roars Higher as Market Cap Hits GHS 166.9bn in Explosive Trading Session

by M.CDecember 13, 2025
Pearl Satekla, NRSA Public Relations Officer
General News

NRSA Demands Dedicated Motor Lanes to Curb ‘Meandering’ After Okada Legalization

by Silas Kafui AssemDecember 12, 2025
Hon. Mahama Ayariga, Majority Leader
General News

Mahama Ayariga Heeds President Mahama’s Call, Withdraws OSP Repeal Bill

by Silas Kafui AssemDecember 12, 2025
Chaos in Cameroon: Two Rival AFCON Squads Named as Manager ‘Refuses to Be Sacked’
Sports

Chaos in Cameroon: Two Rival AFCON Squads Named as Manager ‘Refuses to Be Sacked’

by M.CDecember 12, 2025
Ewoyaa Project: Atlantic Lithium Limited
Extractives/Energy

Atlantic Lithium Remains Confident After Ghana Parliament Pauses Mining Lease Approval

by Prince AgyapongDecember 12, 2025
President John Dramani Mahama
General News

Mahama Rallies for New Era of African Economic Independence at Kenya’s 62nd Jamhuri Day

by Evans Junior OwuDecember 12, 2025
GSE Roars Higher as Market Cap Hits GHS 166.9bn in Explosive Trading Session
Pearl Satekla, NRSA Public Relations Officer
Hon. Mahama Ayariga, Majority Leader
Chaos in Cameroon: Two Rival AFCON Squads Named as Manager ‘Refuses to Be Sacked’
Ewoyaa Project: Atlantic Lithium Limited
President John Dramani Mahama

Recent News

GSE Roars Higher as Market Cap Hits GHS 166.9bn in Explosive Trading Session

GSE Roars Higher as Market Cap Hits GHS 166.9bn in Explosive Trading Session

December 13, 2025
Pearl Satekla, NRSA Public Relations Officer

NRSA Demands Dedicated Motor Lanes to Curb ‘Meandering’ After Okada Legalization

December 12, 2025
Hon. Mahama Ayariga, Majority Leader

Mahama Ayariga Heeds President Mahama’s Call, Withdraws OSP Repeal Bill

December 12, 2025
Chaos in Cameroon: Two Rival AFCON Squads Named as Manager ‘Refuses to Be Sacked’

Chaos in Cameroon: Two Rival AFCON Squads Named as Manager ‘Refuses to Be Sacked’

December 12, 2025
Ewoyaa Project: Atlantic Lithium Limited

Atlantic Lithium Remains Confident After Ghana Parliament Pauses Mining Lease Approval

December 12, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address