Skip to main content

Scandal hits PUSAG

…About GHc190,000 missing

By: Fred Yaw Sarpong

Investigation has revealed that an amount of GHc190,000 belonging to the Private Universities Students Association of Ghana (PUSAG) cannot be traced in  its Unibank account.

The GHc190, 000 is part of a GHc286,000 sponsorship package the association secured from the Unibank Ghana for its 2015 PUSAG Games and Entertainment Festival held in Kwame Nkrumah University of Science and Technology (KNUST) last year.

The 2015 financial statement of the association quoted GHc96,000 as a sponsorship package instead of the GHc286,000.

The number 11 item (Note of Account) of the financial statement of the association (Sponsorship-cash equivalent) quoted GHc96,000 as a sponsorship package received by the then National Executive of PUSAG from Unibank in 2015.

Checks from Unibank Ghana (Account number withheld) revealed that a Memorandum of Understanding (MoU) was signed between the bank and the association for the sponsorship.

Even though this reporter is yet to see a copy of the MoU, which PUSAG itself do not have a copy, Mr. Mohammed Adams Sukparu, the immediate past President of PUSAG and the immediate Chief Operations Officer of PUSAG, Mr. Oliver Aziator allegedly signed for the association and the amount involved was GHc286,000 but not the GHc96, 000 as quoted by the immediate past Executive of PUSAG.

This reporter is reliably informed that the current President of PUSAG, Mr. Richard Odame who was then a Director of International Affairs is allegedly a beneficiary of the cash and he is therefore trying to cover up the corrupt act of his predecessors.

Further checks from sources at Unibank Ghana and PUSAG confirmed that Unibank terminated the deal and didn’t support the 2016 PUSAG Games and Entertainment Festival that was held at the El-Wak Sport Stadium because the association failed to fulfill their part of the MoU which requires them to get their member institutions to save their SRC dues with Unibank after the bank paid the latter said amount into account of the association.

A former National Executive of PUSAG who spoke to this reporter confirmed this. However, he argued that the PUSAG games last year could not have cost GHc119, 000.00 because the 2014 didn’t cost more than GHc30,000.

He said Mr. Mohammed Adams Sukparu made some of the Senators and some National Executive Council (NEC) to believed that the Unibank deal was GHc96,000.

This reporter can state that the 2014/2015 administration has not been able to prove how they spent the said amount of money from the Unibank sponsorship.

Meanwhile, Mr. Richard Odame, the PUSAG President said in a telephone interview that after a three man committee set up to investigate the alleged malfeasance in the previous administration by the current executive, the committee found out that about GHc45,000 was missing.

“The response from the previous administration was that the GHc45,000 was wrongly disbursed because it was given to those who helped the association to secured the GHc286,000 sponsorship package from Unibank,” he pointed out.

According to him, they cannot find the copy of the MoU signed between the previous administration and the Unibank. “Unibank said they cannot find a copy of the MoU,” he added.

The PUSAG President confirmed that he was aware that the Unibank package was about GHc280,000.

Mr. Mohammed Adams Sukparu also confirmed to this reporter that the amount was GHc286,000. But he asks the reporter to look for the copy of PUSAG financial statement and it audited report.

This reporter is reliable inform that some officials (names withheld) of Unibank Ghana allegedly took part of the GHc45,000.


Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…