Petrolegate scandal: Is the truth about to be uncovered?

Oil and gas
Monday, 20 July 2020 17:27
Petrolegate scandal: Is the truth about to be uncovered?

(Togo First) - Togo’s minister of trade has recently ordered audits to “uncover the truth” about the alleged financial scandal involving the committee in charge of monitoring fluctuations in prices of petroleum products - the CSFPP. 

The news, reported by Komlan Kondo who is the new coordinator of the CSFPP, comes after the dismissal of his predecessor, Francis Sossa Adjakly. 

The Petrolegate scandal, also known as “Affaire Adjalaky” (the Adjalaky Affair), was exposed by L’Alternative, an investigative newspaper close to the opposition. At the center of this scandal are Francis and Fabrice Adjaky (father and son respectively) who allegedly embezzled up to XOF500 billion during the years they were in charge of the State’s external orders for petroleum products. In the related story, Vitol - one of the world’s largest energy companies - was cited many times; Fabrice Adjakly (the son) was an agent of the firm in Togo. 

According to Komlan Konda, the new coordinator of the CSFPP, “if there was indeed financial wrongdoing, the culprits will be prosecuted according to the law.” 

Fabrice Adjaly denied the accusation and sued the newspapers for defamation. He demands a financial compensation of XOF5 million and the destruction of the story -which was released in paper and digital version. 

Fiacre E. Kakpo

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