The joint committee of the National Assembly on Petroleum (Downstream) has accused the NNPC and petroleum marketers of defrauding the country of N1.1tr in the importation of petrol.

Chairman of the Senate committee on Petroleum, Senator Kabir Marafa (APC, Zamfara) who chairs the session said the question was not about subsidy but that there is massive fraud in the sector.

“When we asked them (NNPC), they told us, that they are importing 30 cargoes of 37,000MT per month through the DSDP contract. If you compute it at 1341 per MT by 37,000, you will have 1.488b monthly.

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“Assuming we consume 40m litres per day, we will have seven days left in each month and if you multiply it by 12 you will have supply of 84 days left,” he said.

For the marketers, he said, according to a document obtained from the CBN they got $3.3b dollars at subsidised rate of N305 exchange rate.

“The amount should serve us for 189 days at 40m litres per day. In 2017, they are supposed to import 4.2b litres which are equivalent supply of 107 days at 40m litres per day.

“If you take 107 days of the marketers and the excess of 84 days of NNPC that will give you supply of 191 days at 40m litres per day. In all, we had excess of 7.6b litres which is for 191 days. The cost of it at N141 per litre is about N1.1tr. Who is fooling who? Who is deceiving who? The issue is not about subsidy, there is massive fraud in the sector,” he said in a phone interview on the outcome of the session.

https://www.dailytrust.com.ng/n-assembly-accuses-nnpc-marketers-of-n1-1tr-fraud.html

How comes no one is accusing that petroleum minister that claims to be the president he's the grandfather of corruption let start from there

Somebody will say "We are fighting kwaraption"

buhari is an animal
.

Despite the restructuring they did in the sector...i give up

The Petroleum minister surely is receiving his own cut.
If not why do you think he is always protecting his corrupt appointees.
Nigeria will be better but not with this slow poison in the Villa.

If you doubt me, post a picture of any infrastructural project he initiated and completed in his two tenures (1984 and now). The old man is just there for his selfish interest while the nation bleeds.
Check our recent budgets, you will see he has the highest budget but nothing on ground to show for it.
Boys will just collect money, share and give him his cut. The visual fight against corruption continues.

biacan:
How comes no one is accusing that petroleum minister that claims to be the president he's the grandfather of corruption let start from there

Nigeria has been so messed-up to the point where it's nolonger can be managed anymore!

The system of nigeria has got me planing for my family coz am gonna move them ass outa this damm! Fucvking contiri!

Corruption has adorned a new toga

Martin0:


Nigeria has been so messed-up to the point where it's nolonger can be managed anymore!

The system of nigeria has got me planing for my family coz am gonna move them ass outa this damm! Fucvking contiri!

Please baby don't forget about me when I'm done smoking Lisbon I'll join you

Worse happened under Buhari in PTF.


Problem is that nigerians have too short a memory to have elected a man that failed as military head of state, chairman of PTF, no improvement in his personal life since leaving office in 1985, to come and lead them in this time and age.

This is why we wake up everyday to a new scandal and country in complete disarray!


Come 2019, that short memory will kick in and nigerians will yet again forget where they are coming from!


Problem is the people!

They are not importing everything. They forge papers and collect subsidy payment

based on the criteria of pmb's social media id!ots, pmb should easily qualify as the grandmaster of corruption.


but they will not be seen here... the true corruption supporters... corrupt in mind, body, thought & action...

biacan:
Please baby don't forget about me when I'm done smoking Lisbon I'll join you

I hear u ma!
U dey smoke?I like that oo if u do!

Martin0:


I hear u ma!
U dey smoke?I like that oo if u do!

Noo that's the favourite cigarette of Nicki Minaj

biacan:
Noo that's the favourite cigarette of Nicki Minaj

Oh ok.
I thought u smoke sha!

But do u drink alcohol?

Martin0:


Oh ok.
I thought u smoke sha!

But do u drink alcohol?

Not much oooo my friend thought me how to drink but I dislike biter drinks so I do wine alot......but do you drink

biacan:
Not much oooo my friend thought me how to drink but I dislike biter drinks so I do wine alot......but do you drink

Come beging dey learn how to drink oo!
But I don't drink alcohol like that ooo! I recently started drinking alcohol though it occasionally,but most times when am home na wine win am ooo!

Martin0:



Come beging dey learn how to drink oo!
But I don't drink alcohol like that ooo! I recently started drinking alcohol though it occasionally,but most times when am home na wine win am ooo!

Wow na him be so much wine go flow around when I c

biacan:
Wow na him be so much wine go flow around when I c

Yeye

Martin0:


Yeye

Martin nah you nor where your mind dey go.....nothing concern me ooo

biacan:
Martin nah you nor where your mind dey go.....nothing concern me ooo

I hear u madam

Martin0:


I hear u madam

Ehmm come ooo a ti I tell you say make you nor dey call me madam

biacan:
Ehmm come ooo a ti I tell you say make you nor dey call me madam

Na wa for u ooo copy copy!

Which dey u tell me diz one again Nne?

Martin0:



Na wa for u ooo copy copy!

Which dey u tell me diz one again Nne?

e nor mata when as long as i don tell you

biacan:
e nor mata when as long as i don tell you

Ok madam! E sorry oo!

Ok I don hear u ada beke!

Humm!