Skip to main content

NNPC Blames Fuel Scarcity On Vandals, Corrupt Oil Marketers

The NNPC in a statement to the Senate Committee on Petroleum Downstream in Abuja, said that the Senate had given it a two-week ultimatum to end the fuel scarcity.
The Senate Committee, Managing Director of the Pipelines and Product Marketing Company, PPMC, a subsidiary of the NNPC, Mrs. Esther Nnamdi-Ogbue, stated that Nigeria has lost a total of 531 million litres of petrol valued at over N50 billion to pipeline vandals between January and September, 2015, at the System 2B Pipeline network which covers from the Atlas Cove in Lagos to Ilorin.
Nnamdi-Ogbue said that the continuous vandalization of pipeline at the Arepo to Mosimi axis of the pipeline artery, have made the supply of petroleum products to retail outlets difficult.
She said PPMC is doing everything they can to make sure they supply truck-out from depots in Lagos, Oghara and recently Calabar.
She, however, noted that the efforts to supply enough fuel across the country are being hampered by the activities of some unscrupulous marketers involved in hoarding and diverting of petroleum products for sale in black markets across the country.
She said:
“We view this as a distortion to the economy and we have invited the DSS and the EFCC to take action.”
Vanguard

Comments

Post a Comment

*We hate vulgarity and abusive words, such will not be condoled here.
*Your comments are appreciated and are moderated, will be published immidiately after admins approval. Feel free to say your mind.
*Are you finding it difficult to comment? Here is a tip for you....
You can Use your Google account to comment, If You don't have a Google account, You can add only Your Name, Click COMMENT AS >> Select NAME/URL >>Put your Name, (Leave URL empty if you don't have a website) >> then Write Your Comment in the Comment box and click Publish.
Thats All. If also you do not wish to comment, you can always click on the Funny, interesting or cool links just below the post, to rate this post according to where you think its falls to...

Note: Comments made on this blog does not refer to blog's owner opinion as its commenters opinion on post made here. Thank you

Popular posts from this blog

The Economist article on the fight against Boko Haram

Read this very interesting article by The Economiston the fight against Boko Haram and the alleged multiple deaths of Boko Haram leader, Abubakar Shekau. The article below.. How many times can one man die? At least four, in the case of Abubakar Shekau, the slippery leader of Boko Haram. Nigerian security forces celebrated his demise in 2009, 2013 and 2014, only for him to pop up again, disconcertingly animate, on camera. When Chad’s president said in August that his troops had killed Mr Shekau, the jihadist was resurrected once again, this time with a voice recording. “Woe unto liars that had claimed I am dead,” said the voice. “Nobody can kill me.” This relatively mild-mannered dispatch raised questions of its own. Most of what is known about Africa’s most notorious terrorist derives from his gun-wielding, slave-touting videos. If he were still at large, would he not release a film in his usual more robust style? Most probably, he is indeed alive. Whether he is injured is impossible...
Post a Comment
Read more

Bode George asks Buhari to probe Tinubu, Fashola

PDP Chieftain Bode George has asked President Buhari to probe the administrations of former Lagos state governors, Bola Tinubu and Babatunde Fashola. In a statement released yesterday August 19th, Bode George said Buhari cannot claim to be fighting corruption and not investigate the circumstances surrounding the controversial N78 million tundefashola.com website. "We are living in a very interesting time. There is an air of repugnancy everywhere most specifically in my state where the immoral stench and the dark odium of Mr. Babatunde Fashola’s administration is daily being unearthed. What is most disgusting and annoying in all these is the arrogant and the befuddled attempt of Mr. Fashola to justify the apparent reckless misappropriation of Lagos state taxpayers’ money to set up a personal web site. Fashola shows no remorse, no semblance of regret, no guilty nudging of conscience. Instead, he still attempts to ride a high horse, puffing and stomping in feigned seraphic innocenc...
Post a Comment
Read more

Queen Elizabeth II becomes longest-reigning monarch on a day of characteristic modesty

She accepted it was a “special day” as she became our longest-reigning monarch, but the Queen was, as ever, the very embodiment of understatement. Appearing rather bashful about the attention being lavished on her as she made history, Her Majesty made only a passing reference to her entry in the record books, insisting: “It is not one to which I have ever aspired.” While everyone around her was, quite rightly, paying homage to her remarkable achievement, the Queenmade it clear that, as far as she was concerned, all she had done was to stay alive and healthy. “Inevitably, a long life can pass by many milestones,” she said. “My own is no exception. But I thank you all and the many others at home and overseas for your touching messages of great kindness.” Queen Victoria, the woman whose record she surpassed, was not mentioned in the Queen’s brief speech at Tweedbank railway station in the Borders, where Her Majesty was more preoccupied with the business at hand, namely opening the longes...
Post a Comment
Read more