The dissolved Board of Trustees of the Ghana National Petroleum Corporation (GNPC) Provident Fund under the chairmanship of the corporation's internal auditor, Kanzing Jabariyeng is to account for the disbursement of the fund.

Contributions to the fund, established by the staff in 1991, had yielded 4.59 billion cedis as at December 2000, according to an interim report of the Deloitte and Touche

Company, contracted by the management of GNPC to audit the fund. Workers contribute five per cent of their salary and management adds another five per cent.

Speaking to journalists in Tema on Monday, Kalibi Abu Ali, Financial Controller of GNPC, said the Trustees are yet to explain how they spent 79.9 million cedis on honorarium last year.

Ali said Jabariyeng surrendered himself to the BNI in Accra about three weeks ago, but "we have not received any report from them (BNI) about the money".

The management has appointed a new board of trustees under the chairmanship of Miss Comfort Dapaah. Meanwhile, consultants from GIMPA, contracted by the Ministry of Energy, to restructure the corporation has recommended that it should concentrate on its core activities and, therefore, retain only 72 out of the 597 workers.

The consultants and management are discussing modalities for reviewing this number as well as severance package for workers who will be affected by the retrenchment exercise.