COCOBOD reacts to corruption, money laundering allegation in Agri-Plus deal

The Ghana Cocoa Board (COCOBOD) has reacted to allegations of nepotism, corruption and money laundering leveled against it in the Agri-Plus deal.

In a press statement dated Tuesday, November 17, 2020, signed and issued by the Head of Public Affairs, Mr Fiifi Boafo, COCOBOD debunked the allegations

Some documents said to be from the Financial Intelligence Centre (FIC) and which were reportedly sent to the Office of the Special Prosecutor (OSP), on the matter have been released on social media.

It is said to be findings after investigations into contracts awarded to a newly formed company, Agri-Plus Horizon Farm Limited.

It alleges that FIC’s investigations revealed that Agri-Plus Horizon Farm Limited was awarded a contract for the supply of 75,000 litres of Transform Akate Insecticide at a price of US$103.5 per litre amounting to a total of US$7,762,500.00

The contract was said to be a sole sourced one to the company through the Public Procurement Authority (PPA).

Agri-Plus Horizon Farm Limited is said to have also sub-contracted the contract at US$80.80357 to Aedis Holding Limited (AEDIS), a company reportedly owned by one Joseph Seth Aidoo Jnr.

There are allegations that Joseph Seth Aidoo Jnr is the son of the Chief Executive Officer of COCOBOD, Mr Joseph Aidoo.

AEDIS is also said to have further subcontracted Dow Agrosciences Limited (DOW) Limited, a company based in UK to supply the said insecticide.

It is based on this that COCOBOD has reacted to the allegations.


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