EFCC Recovers 328.9 Billion Naira From Conoil, Oando, 7 Others
Nigeria’s eagle-eyed anti-graft agency, the Economic and Financial Crimes Commission, EFCC is taking back what has been stolen from the oil and gas sector.
The commission beamed its searchlight on the petrol market and were able to recover a total of 328.9 billion naira from nine major oil marketers in 12 months.
Spokesman of the commission, Wilson Uwujaren identified the marketers as NNPC Retails, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.
They all had their fingers deep in the cookie jar – what a shame!
He said the recovery was made by the Kano office of the commission between July 2016 and July 2017.
According to him, investigation followed a petition against the management of the NNPC and its subsidiary, PPMC.
He said the petition alleged that 40 billion naira had been diverted by the major oil marketers while conniving with some regulators.
“The EFCC, in a swift reaction, referred the petition to a special task force which swung into action by conducting discrete investigation," he said.He further explained that the total amount of debt stood at 349.8 billion naira following the latter discovery.
“So far, a sum of 328.9 billion naira has been recovered from the major oil marketers. The outstanding debt now stands at 20.7 billion naira,” he said.