Parliament Chases MIIF Over 12m Agyapa Expense

The Mines and Energy Committee of Parliament has given the Minerals Income Investment Fund (MIIF) management a seven-day deadline to provide full information on the alleged $12 million expenditure on the suspended Agyapa Royalties transaction.

The Chief Executive Officer (CEO) of MIIF, Edward Nana Yaw Koranteng, made the disclosure when he appeared before the Public Accounts Committee (PAC) of Parliament.

The Mines and Energy Committee, in a letter dated February 20, 2024 and signed by Senior Assistant Clerk to the Committee, Benjamin Tachie Antiedu, asked Mr. Koranteng, saying it had taken notice of publications and public discourse relating to the subject matter.

“In reference to the above, I am directed by the Chairman of the Committee to request you to furnish the Committee on Mines and Energy with information on the alleged expenditure of $12 million expended by MIlF on Agyapa Royalties with supporting evidence, if any,” the letter indicated in part.

According to the letter, the Committee expects the information to be delivered to its Secretariat latest by Tuesday, February 27, 2024.

“The purpose of this request is to guide the Select Committee on the appropriate steps to take in respect of the allegation,” the letter noted.