There has been a report fromNNPC to DSS, EFCC over N17bn stolen PMS by Capital Oil, MRS Limited.

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There has been report from the Public affair department of the Nigerian National Petroleum Corporation, NNPC, yesterday, which stated that the NNPC had reported MRS Limited and Capital Oil and Gas Limited to the Department of State Service, DSS, and the Economic and Financial Crimes Commission (EFCC) for over the duo’s illegal sale of about 130 million litres of Premium Motor Spirit, PMS, valued at N17.439 billion, belonging to it.

The NNPC, in an announcement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said this was a piece of measures to accomplish full recovery of the product or its cash equivalent, which was put away at the offices of the two indigenous downstream administrators, under a throughput plan to guarantee a strategic reserve.

Mr. Henry Ikem-Obih, Chief Operating Officer, NNPC Downstream, additionally expressed that the NNPC has set up two advisory groups to assess the parts played by some of its staff in the unlawful item departure and had embraced survey of its whole throughput arrangement keeping in mind the end goal to adjust it to worldwide prescribed procedures. Regardless, Ikem-Obih expressed that up until this point, MRS has completely consented by giving back the 30 million liters of Premium Motor Spirit (petrol) that it dispossessed while the NNPC had not achieved much progress with Capital Oil & Gas which was yet to return 82 million litres of petrol, esteemed at N11 billion, out of more than 100 million liters which it took.
He added that as a part of endeavors to prevent a repeat of similar occurrence in the future, a disciplinary committee was already investigating the level of involvement of its staff with a view to applying suitable authorizes as a discouragement measure. The second committee, he stated, was checking on the Corporation’s policy and rules for taking part in throughput game plans with outsiders to build up control measures that could help turn away a comparative occurrence later on. Giving points of the act by the companies, Ikem-Obih, disclosed that the infraction was discovered earlier in the year when the Corporation had need to access the over 100 million litres of petrol stored at the Capital Oil & Gas depot for NNPC Retail and just over 30 million litres in MRS Limited depot all in Apapa area of Lagos.

He stated, “We instructed the Nigerian Products Marketing Company (NPMC) an subsidiary of NNPC, to send extra additional trucks to those locations to move products for distribution aimed at meeting a supply shortfall we discovered in the market, but after days of not being able to access the terminals we had to take a decision as NNPC Management to invite auditors and inspectors to go and do a physical check on the inventories. The visit revealed that there was no molecule of product for the NNPC to evacuate.”

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