Oil Theft: Senate Wants NNPC To Seek More Radical Measures To Tackle Scourge


The Senate has commended the Nigerian National Petroleum
Corporation (NNPC) for responding to the motion moved during a plenary
session by Senator Kabiru Marafa, Chairman, Committee on Petroleum
Downstream Sector, on the theft of petroleum products kept in the farm
tanks of two oil companies and urged the corporation to take more
radical measures to avoid recurrence.


In a statement by its spokesman, Senator Aliyu Sabi
Abdullahi, the legislative chamber  advised that NNPC should go beyond
the sacking and redeployment of a few officials but initiate a
comprehensive restructuring of its operations which presently allow
officials and other firms to appropriate national resources for their
personal use, thereby contributing to the suffering of the people.
“The Senate is appalled that NNPC is not contemplating on
doing something about the involvement of officials of the Petroleum
Products Marketing Company (PPMC) which actually played key roles in the
missing products case.
“It is instructive that NNPC did not do anything on the
case until the matter was raised on the floor of the Senate and the
press picked the matter up from the motion. The unauthorised sale  of
132 million litres of fuel kept in the storage tanks of MRS and Capital
Oil designated as strategic reserves is a grave occurrence. This
probably is not the first time it is happening and NNPC must review its
operations. It should in fact carry out a shake up in the PPMC”,
Abdullahi stated.
It will be recalled that following the Senate debate of the
motion on the theft of the fuel, the NNPC sacked two senior officials
and redeployed a few others. Its spokesman, Ndu Ughamadu said the sack
and deployment were in line with the on-going reforms the corporation
initiated to cleanse it of corruption.
The NNPC lost 130 million litres through a breach in its
throughput transactions with MRS and Capital Oil. However, MRS had
returned the product it sold from the stock but Capital Oil is yet to
refund the 82 million litres it sold. The Missing fuel sold by Capital
Oil is valued at N11 billion.
While Capital Oil insisted that NNPC owed it on past
business transactions, the corporation vowed to recover the products,
investigate the breach and set up new modalities to guide its
engagements of throughout partners.

Donate to Precision


Please enter your comment!
Please enter your name here