NNPC moves against fraudulent oil marketers, seizes N771m assets - Vanguard News Nigeria

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NNPC moves against fraudulent oil marketers, seizes N771m assets - Vanguard News Nigeria
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NNPC moves against fraudulent oil marketers, seizes N771m assets vanguardngr.com vanguardnews

In a statement in Abuja, the NNPC said the marketers had under-paid for petroleum products supplied to them from its downstream subsidiary, the Petroleum Products Marketing Company, PPMC, at the Kaduna Depot.

The Chairman of the NNPC Anti-Corruption Committee, Mr. Mike Balami, disclosed that some of the assets recovered from the oil marketers include filling stations, water factories and six sports utility vehicles.He added that the forensic investigation would be extended to the other NNPC depots across the country to stop the bleeding of the national oil company.

“The NNPC Group Managing Director, Mr. Maikanti Baru, was passionate about stopping all the leakages in the corporation. The forfeited assets would be handed over to NNPC Corporate Asset Boarding and Disposal Committee, CABDC, for immediate disposal.”

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