Fuel Theft: Senate Calls for Shake-up in PPMC

**Wants More Actions from NNPC

By Modupe Gbadeyanka

The Nigerian National Petroleum Corporation (NNPC) has been urged to do more than sacking its officials linked with the theft of petroleum products kept in the farm tanks of two oil companies and also carry out a shake-up in the Petroleum Products Marketing Company (PPMC).

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.

Reacting to the issue, the Senate, through a statement issued by its Chairman on Media and Public Affairs, Mr Aliyu Sabi Abdullahi, stressed that the corporation must take more radical measures to avoid recurrence.

However, the red chamber applauded the agency for responding to the motion moved during a plenary session by Chairman, Committee on Petroleum Downstream Sector, Mr Kabiru Marafa, on the matter.

The upper legislative chamber of the National Assembly advised the NNPC to 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,” the Senate said.