Three months after leaving office, the tenure of Nana Akomea, the immediate past Managing Director(MD) of Intercity- STC Coaches Limited, has come under scrutiny, with serious allegations of mismanagement and improper asset disposal emerging from the company’s new leadership.

Deputy Managing Director of STC, Nuru Hamidan, has revealed that the new management inherited a nearly crippled company, claiming that all major company assets had either been sold off or leased out, leaving the STC office “empty” and largely dysfunctional.

Speaking on The Citizen Show hosted by Kwabena Bobie Ansah on Accra 100.5 FM, Mr. Hamidan disclosed that prime STC properties across the country, including the Asafo terminal in Kumasi, had been leased out to individuals he described as “politically connected,” in some cases for as long as fifty years—an arrangement he said violates existing laws governing state assets.

“The situation is not limited to just one region,” he stated. “In Accra, for example, the Tudu terminal has been rented out to a private individual to construct shops, leaving the terminal in a dilapidated state.”

He further revealed that the company’s training school and vehicle valuation centre had also been leased to private operators under questionable terms, stripping STC of essential operational infrastructure.

Most alarming, according to the Deputy MD, is the fact that since 2021, no audited financial statements have been produced for the company.

“There has been no audit of STC accounts for the past four years.

This is deeply troubling for a state-owned enterprise,” he said.

Mr. Hamidan, who previously served as Municipal Chief Executive of the Asokore Mampong Municipal Assembly in the Ashanti Region, painted a bleak picture of the company's fleet status.

“As it stands, STC does not own a single operational vehicle.

All our buses are under alliance agreements with third parties,” he explained, adding that even official vehicles used by management had been taken away by the former Director of Communications for the New Patriotic Party (NPP), Nana Akomea.

“We walked into an office stripped of assets. No vehicles, no buses, no records—just the STC name,” he lamented.