What Senate Wants NNPC To Do To End Fuel Theft
The Nigerian Senate is asking the Nigerian National Petroleum Corporation (NNPC) to go beyond sacking and redeployment of a few officials after petroleum products were allegedly stolen from storage facilities.
After the NNPC carried out the measures, the Senate commended the corporation for responding to a motion moved during a plenary session by Senator Kabiru Marafa, chairman, Committee on Petroleum Downstream Sector, on the theft of petroleum products.
But with the commendation comes another demand that the NNPC should initiate a comprehensive restructuring of its operations.
The demand was made in a statement published on the Facebook page of the Senate by the Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi.
It reads: "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".
After the Senate raised the issue during plenary, the NNPC sacked two senior officials and redeployed a few others.
Its spokesman, Ndu Ughamadu said the sack and deployment are in line with the on-going reforms the corporation initiated to cleanse it of corruption.
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 11 billion Naira.
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 dealings.