In November 2020, Chief Executive Officer of COCOBOD, Mr Joseph Aidoo was accused of money laundering and nepotism in a contract awarded to his son, Joseph Seth Aidoo Jnr.
Agri-Plus Horizon Farm Limited, established in 2017, secured an exclusive contract in which they were granted the sole source for supplying 75,000 liters of Transform Akate Insecticide at a rate of US$103.5 per liter, totaling US$7,762,500.00.
Agri-Plus Horizon Farm Limited also sub-contracted the contract at US$80.80357 to Aedis Holding Limited (AEDIS), a company owned by one Joseph Seth Aidoo Jnr, believed to be the son of the Chief Executive Officer of COCOBOD, Mr Joseph Aidoo.
AEDIS also further subcontracted Dow Agrosciences Limited (DOW) Limited, a company based in UK to supply the said insecticide.
Ghana Cocoa Board (COCOBOD) reacted to allegations of nepotism, corruption, and money laundering in the Agri-Plus deal in a press statement dated Tuesday, November 17, 2020.
They denied the claims of nepotism, corruption and money laundering.
Read a copy of COCOBOD’s reaction below
RE: ALLEGATIONS OF NEPOTISM, CORRUPTION AND MONEY LAUNDERING AT GHANA COCOA BOARD
Our attention has been drawn to a document circulating on several online and social media platforms purported to emanate from the Financial Intelligence Centre, Ghana, which alleges wrong doing by COCOBOD awarding a contract for the procurement of Transform Akate Insecticide from Agri-Plus Horizon Farm Limited through the sole sourcing method.
The document further alleges that there is suspicion that the decision by COCOBOD to sole source the contract to Agri-Plus may have been founded on the grounds of nepotism and / or trade based money laundering.
Sole Sourcing
We wish to state that the decision to sole source insecticides and other chemicals for COCOBOD operations is based on COCOBOD’s need for specific purposes. COCOBOD only procures insecticides or chemicals that have been tested and certified by the Cocoa Research Institute of Ghana (CRIG).
It should therefore be noted that different insecticides have different active ingredients (the killing agent), different levels of concentration of active ingredients, different rates of applications per hectare of cocoa farm and different manufacturing sources.
Some products have systemic effect while others take effect on contact with the insect. Some products are also formulated as cocktails and have both systemic and contact properties combined.
A company that holds the CRIG certificate for a particular product has proprietary right in the product and consequently COCOBOD can procure the product from only that company.
At the beginning of each crop season COCOBOD decides on the various insecticide and chemicals to be procured for the season based on the projected threats to the crop for that year. The insecticide application is varied periodically to reduce the chances of the insects developing resistance to a particular insecticide.
In the case of Transform Akate Insecticide mentioned in the document, Agriplus Horizon Farms Limited is the company that holds the CRIG certificate for the product.
Approval was, therefore, sought from the Public Procurement Authority to procure the product amongst others through the sole sourcing method for COCOBOD’s operations.
Nepotism
We wish to state categorically that the suspicion that the decision by COCOBOD to sole source the contract to Agri-Plus may have been founded on grounds of nepotism is completely baseless and untrue.
The Chief Executive of Ghana Cocoa Board, Hon Joseph Boahen Aidoo is not in any way related to Joseph Seth Aidoo Junior mentioned in the document in relation to Agri-Plus Limited. The said Joseph Seth Aidoo Junior is neither a son of Hon Joseph Boahen Aidoo nor are they related in any way.
We therefore urge the general public not to give the allegations contained in the said document any weight.
SIGNED
FIIFI BOAFO
HEAD OF PUBLIC AFFAIRS
Can you believe that this same man is seriously prosecuting the former managing director and some others on similar charges . Wonders shall never end
His salary is far higher than the president’s yet his selfishness endures. Any discerning mind can see that this man is greedy n selfish.So will the stealing by this bunch of Npp cult members ever stop? The IMF, shd hold on with the loan until n Ndc takes over ; if they send now, Ndc will just gobble it down their wide throats n wipe their mouths clean.
Partisan Politics. Ask Mahama if he’s taken Bribe before and listen to his response. Allegations are too many. Let’s stop to ask whether it is true for once!