The Economic and Organized Crime Office (EOCO) has denied allegations that it failed to investigate Kevin Okyere, the Chief Executive Officer (CEO) of Springfield Energy, who was reportedly arrested over the weekend in Dubai authorities in the United Arab Emirates (UAE).
According to media reports, the arrest followed the Raymond Archer-led EOCO failure to investigate a petition alleging defrauding by false pretense, was brought against Okyere.
The complaint filed by Swiss-based Petraco Oil Company SA against GMP Energy Limited which Okyere is one of the principals behind, involves over $94 million.
Aggrieved Petraco officially petitioned EOCO, requesting a criminal probe into what it said was a “fraudulent conversion of export proceeds”.
But in a statement issued on Sunday, November 2, to dispelled the said claim, EOCO said what the news portal Novareport reported was nothing but blatant falsehood.
It said “Contrary to the claims made by Novareport, EOCO has two active investigations involving Springfield Energy. The first is a petition against Springfield Energy, and the second is an explosive case between BOST and Springfield Energy. It is the policy directive of the leadership of EOCO that investigations must precede arrest and not the reverse.”
The Office pointed out of the two allegations the one involving BOST and Springfield Energy is very important it because it has immediate impact on the state institution’s finance and the local economy,
It expressed concern that, the news portal did not find the need to ask for clarification before going public with it false claims.
The Office assured the public that, it “Committed to investigating and prosecuting economic and organized crimes in Ghana, and we will continue to work diligently to achieve our mandate”.
It in conclusion called the general public to disregard the unfolded claims noting that “EOCO is actively working on not one, but two investigations involving Springfield Energy”.
Kevin Okyere was allegedly arrested in Dubai on Saturday November 1, after sneaking out of Ghana on Friday October 31 to meet with big oil company official to discuss a prospective partnership.
He was apparently detained after arriving in that country pending arbitration default at the Dubai International Arbitration Centre (DIAC), a case said to be linked to some $94 million petition filed by a Swiss-based Petraco Oil Company SA against GMP Energy Limited.
Novareport alleged that the petition lodged in May 2025, claimed that GMP diverted proceeds from crude-oil liftings made through their joint venture, Petraco Energies DMCC, and failed to honour reconciliation obligations.
By Gifty Boateng