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Go beyond sack of officials, restructure operations, Senate tells NNPC

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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.

The Senate has charged the Nigerian National Petroleum Corporation (NNPC) to go beyond the sack of its officials on alleged 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.

This is sequel to a motion moved during a plenary session by the Chairman Senate Committee on Petroleum Downstream Sector, Senator Kabiru Marafa.In a statement signed by its spokesman, Senator Aliyu Sabi Abdullahi, the legislative chamber advised NNPC to 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 throughput partners.


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1 Comment
  • Ebony Dollars

    nnpc again??????? when will this madness stopped. this is what i said earlier about Nigerians. practically 80% of the citizens are corrupt looking for money by all means. when you see a nation looking for money without proper education the result is what we have in this country. the theft in this oil industry is too high that i pray the oil well to dry or govt should just close it down. after all, it doesn’t benefit the poor masses so let us all face the brunt of poverty maybe we will be serious. this is not color inferiority, if god gave same portion of land mass and infrastructure and opportunities to a white and black man, the white will use his portion more judiciously better than the black. all the blacks will do is squander away their resources and blame their woes on the white or even god who gave them the opportunity. imagine if any white country in the world has the oil well that these ungrateful looters and thieves are wasting, the country will be among the best in the world. unfortunately, we have such blessing from God and we are squandering it like the biblical prodigal son. all because of short of insight and selfish interest.