Three months after his exit, the leadership of former Intercity-STC Managing Director, Nana Akomea, is facing damning accusations from the company’s new management, which claims the once-vibrant state-owned transport firm was left in disarray.
Deputy Managing Director Nuru Hamidan, in a revealing interview on The Citizen Show on Accra 100.5 FM, described the current state of STC as “barely functional,” pointing to the loss of vital infrastructure, fleet, and operational control. According to Mr. Hamidan, the company inherited by the new leadership had been hollowed out through questionable leases and the sale of key assets.
Prime STC terminals—including the Asafo station in Kumasi and the Tudu terminal in Accra—have reportedly been handed over to politically connected individuals, some under contracts lasting up to 50 years, a move Mr. Hamidan asserts violates public asset management regulations.
“Everything essential for our operations, from training facilities to valuation centres, has been outsourced or leased out. There is no single operational bus in STC’s name,” he stated, adding that management’s own vehicles were taken away by former MD Nana Akomea and his team.
Even more troubling, Hamidan revealed that the company has not produced audited financial statements since 2021—raising accountability concerns for a state-owned enterprise.
With STC’s assets reduced to mere branding, the new management is calling for a deeper probe into the financial and administrative actions of the previous regime. “What we found was an institution stripped to the bone,” Hamidan said. “We’re essentially starting from scratch.”
The revelations are likely to fuel calls for oversight reform in state enterprises and spark political debate over accountability under the previous government’s appointees.
