The Nigerian National Petroleum Corporation (NNPC) says it has recovered assets worth over N771 million from some marketers who under-paid for petroleum products supplied to them.
The corporation disclosed this in a statement issued by its spokesman, Mr Ndu Ughamadu, in Abuja, on Tuesday, and said that the marketers got the products from Kaduna Depot of Petroleum Products Marketing Company (PPMC).
Chairman of NNPC Anti-Corruption Committee, Mr Mike Balami, said that the recovery was made by the committee in collaboration with Federal Government’s intelligence and anti-corruption agencies.
He named the agencies as Department of State Services (DSS), Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Balami said that the committee brought in forensic experts to uncover the shady deals by some of the marketers affected.
He disclosed that some of the assets recovered included filling stations, water factories and six sports utility vehicles.
He added that the forensic investigation would be extended to other depots across the country to stop the bleeding of the national oil company.
The chairman noted that it had been established that the affected marketers lifted petroleum products from the Kaduna depot without evidence of payment.
According to him, when they were confronted with the evidence, they admitted to the offence but failed to pay their liabilities.
He said that NNPC’s Group Managing Director, Dr Maikanti Baru, was passionate about stopping all the leakages in the corporation.
Balami announced that the recovered assets would be handed over to NNPC Corporate Asset Boarding and Disposal Committee (CABDC) for immediate disposal.
He said that investigation into lifting of petroleum products without evidence of payment was continuing, and urged relevant stakeholders to support the committee in its onerous task of recovering all its monies outside NNPC’s system.
He said that this was the first time that NNPC would be taking over assets forfeited by marketers who defaulted in their terms of engagement.
IPAC Seek Scrapping Of SIEC
Nasarawa Assembly Approves N5b Loan For Executive
630 Officer Cadets To Pass Out From NDA October 5
France Pledges Support For Nigeria On Security
NGO Tasks Nigerians On Proper Waste Management
Industrial Court To Address Over 300 Pending Industrial Disputes In Edo
At Least 30 Killed In School Fire – Source
COLUMNS10 hours ago
I Saw The Miracle Of Allah
COVER STORIES13 hours ago
PMB Resolves Police/ PSC Feud, Says Only Commission Can Recruit, Promote Officers
FEATURES9 hours ago
The Rise Of Nigeria’s Super-cop, DCP Abba Kyari
NEWS24 hours ago
Rivers: Police Arrest Two Over Young Women’s Murder
NEWS12 hours ago
Presidency Alleges Plot To Cause Disaffection In Aso Rock
BUSINESS9 hours ago
Government Policies, Customs Tariff Fuelling Cargo Diversion – NPA MD
COVER STORIES12 hours ago
FG Sets Up Inter-agency C’ttee To Recover N5trn AMCON Debt
COVER STORIES12 hours ago
S’Africa Finally Clears Air Peace To Evacuate 320 Nigerians