Finance

TDC Managing Director writes to EOCO to investigate its operations

Nunekpeku made this announcement while briefing staff on the state of TDC during a staff durbar.

He mentioned that he had conducted extensive assessments across all the company’s departments and discovered that “there were issues everywhere.”

“In the coming days, there are going to be a lot of investigations. This morning, I have written two letters to EOCO to look into something in the IT department. IT contracts were awarded for one million dollars, and we don’t have access to that software, so EOCO will intervene in it,” he added.

He also mentioned that he had written another letter to EOCO regarding another issue, which he preferred to remain discreet about.

Additionally, he stated that the company would be conducting extensive property and land audits to verify initial findings related to TDC’s lands.

The MD encouraged staff who might have information or been involved in underhand dealings over the past years to voluntarily approach him with the necessary details, rather than waiting to be discovered.

Nunekpeku cautioned, “If you don’t come forward, and we conduct investigations and find out, I won’t accept any pleas, whether you were a polling agent or have worked in the company for years, because you have been given the opportunity today.”

He further announced that the company would not be purchasing new vehicles for management staff, but would instead buy Urvan buses, a backhoe, a dumper, and a tipper truck, as these would be more beneficial to the enhancement of TDC.

He called on all staff to cooperate with management in turning around the fortunes of TDC, reminding them that private estate companies were thriving, and therefore, TDC, with its vast assets and government backing, could be transformed into a world-class company.

“There is no way we are going to achieve this unless we are intentional about it. We need all of your support to work as a team. It’s not about how much money you want to make; if it were about that, we could make good money in the private sector. But per the instructions from the President, TDC should be fixed; otherwise, entities like TMA and the State Housing Corporation would absorb it,” he stressed.

The MD warned that the days of corruption, falsification of invoices, and fraudulent presentations of invoices must come to an end, urging staff to be vigilant and scrutinize matters thoroughly.

He said, “In the few weeks I’ve been in office, some of the things I have seen will blow your mind. Because I come from the private sector, I scrutinize everything. You have to examine invoices before even forwarding them for approval…”

He claimed that he had received an invoice of GH¢45,000 for washing curtains in a former Managing Director’s house, calling it outrageous.

“Then let’s buy a washing machine for GH¢15,000 and detergent for GH¢1,000 and wash and store the machine,” he added.

Nunekpeku urged all staff to be responsible citizens by protecting the company’s assets and the country’s finances.

Source: GNA

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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