The
NNPC has revealed that the Ifeanyi Ubah who is under investigation for
diversion of N11b worth of petroleum products, has paid back N2b out of
the N11b to the NNPC.
Ifeanyi Ubah
The Petroleum Pricing and Marketing Company (PPMC) has disclosed
that the chairman of Capital Oil, Chief Ifeanyi Uba who is under House
of Representatives probe for alleged diversion of N11 billion worth of
petroleum products belonging to the Nigerian National Petroleum
Corporation (NNPC) has paid back N2 billion out of the N11billion to the
NNPC.
Henry Nkem Obi, Chief Operating Officer of the PPMC, made this
known yesterday in Abuja, while making his submission at the two-day
investigative hearing organized by the House Committee on Petroleum
(Downstream) on the disappearance of the petroleum products and the
spate of kerosene explosions in the country.
Nkem Obi informed the committee that before the diversion of the
petroleum products by Chief Ubah, the NNPC had an agreement with Capital
Oil that no party tampers with any petroleum products consignment in
its custody without the knowledge of the other party.
He stated further that upon the NNPC discovering that Capital Oil
had diverted the petroleum products in its custody, the national oil
company reached out to relevant and sister public agencies.
“We’ve since engaged in the process of negotiations for the
defaulting party to return the products to the NNPC. Capital Oil has
paid N2 billion and negotiations to get the full payment are on-going,” the NNPC executive said.
This clarification is coming on the heels of the ultimatum given by
the House committee to Chief Ubah and Capital Oil to appear before the
committee unfailingly today to give testimony in relation to the
disappearance of N11 billion worth of petroleum products belonging to
the NNPC.
Chairman of the committee, Rep. Akinlaja Joseph, who issued the
ultimatum, accused Ubah and Capital Oil of evading service of the
invitation from the committee summoning him to appear. Also expected to
appear before the House committee today is the Managing Director of the
NNPC retail.
Earlier, while declaring the investigative hearing open, Speaker
Yakubu Dogara said that the disappearance of the N11billion worth of
petroleum products belonging to the NNPC from the Capital Oil tank farm
in Lagos, was capable of jeopardizing the national economy by reducing
government’s revenue and hampering efforts to exit from economic
recession.
Represented by the Deputy Whip, Rep. Pally Iriase, the speaker
charged the committee to thoroughly investigate the alleged diversion
and ensure that the perpetrators are sanctioned.
This he added will serve as a deterrent to others from engaging in such acts of economic sabotage and prevent a re-occurrence.
The investigative hearing which continues today will also look at
the desirability of the government to fashion out a clear cut policy on
the deregulation of kerosene, arrest the resurgence of kerosene
explosions with attendant fatalities and investigating the illegal
transportation of petroleum products and the recent fire incident at the
Suleja depot in Niger state.
0 comments:
Post a Comment