EOCO Denies Inaction Claims After Springfield CEO’s Alleged Arrest In Dubai

The Economic and Organised Crime Office (EOCO) has rebutted report that it’s inaction has resulted in the alleged arrest of the CEO of Springfield Energy in Dubai, Kevin Okyere.

A news report claimed the arrest followed EOCO’s failure to act on a petition alleging defrauding by false pretense.

Denying the claims, the Office said it has two pending investigations involving Springfield Energy.

“The first is a petition against Springfield Energy, and the second is an explosive case between BOST and Springfield Energy.”

Rather than inaction, it said it was following its policy directive to the effect that investigations must precede arrest and not the vice versa.

“We wish to emphasize that the case involving BOST and Springfield is of priority to EOCO due to its immediate impact on BOST’s finances and the local economy.”

“EOCO assures the public that it is committed to investigating and prosecuting economic and organised crimes in Ghana, and we will continue to work diligently to achieve our mandate.”

It therefore urged the public to disregard the false claims as it assured that it was actively working on two investigations involving Springfield Energy.

Allegation
According to Novareport, Okyere’s arrest is in connection with a pending arbitration default at the Dubai International Arbitration Centre (DIAC) lodged in May 2025.

It said the case is linked to a $94 million petition filed by Swiss-based Petraco Oil Company SA against GMP Energy Limited of which Okyere is one of the principals.

The petition alleged that GMP diverted proceeds from crude-oil liftings made through their joint venture, Petraco Energies DMCC, and failed to honour reconciliation obligations, it reports.

The company is said to have petitioned EOCO in June.