NNPC announces measures to recover missing petrol product

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The Nigerian National Petroleum Corporation (NNPC) on Friday said it had taken measures to recover 130 million litres of petrol from two downstream oil operators over operational infraction, The Guardian reports.

The NNPC Chief Operating Officer, Downstream, Mr Henry Ikem-Obih, made this known in Abuja in a statement by Mr Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division. Ikem-Obih said that the 130 million litres would be recovered from facilities of two indigenous operators, MRS Limited and Capital Oil & Gas Limited.

He said that over 100 million litres of petrol stored at the Capital Oil & Gas depot and over 30 million litres in MRS Limited depot, all in Apapa area of Lagos, were not found when needed. Ikem-Obih said the infraction by the two downstream companies was a clear violation of the existing contract, which prohibited the firms from tampering with the volumes in their custody without express permission of the corporation.

He said that NNPC alerted the Directorate of State Service (DSS), the Economic Financial Crime Commission (EFCC) and relevant committees of the National Assembly with oversight function on the corporation’s downstream operation to help recover the assets. Ikem-Obih said that this was contrary to the insinuation that NNPC kept mute over the infraction until the Senate uncovered it.

 

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