The Nigerian National Petroleum Corporation,
NNPC, on Thursday announced that a total of
531 million litres of petrol valued at over N50
billion was lost to pipeline vandals between
January and September, 2015, at the problematic
System 2B Pipeline network which stretches
from the Atlas Cove in Lagos to Ilorin.
In a presentation to the Senate Committee on
Petroleum Downstream, Managing Director of
the Pipelines and Product Marketing Company,
PPMC, a subsidiary of the NNPC, Mrs. Esther
Nnamdi-Ogbue, stated that the losses which
chiefly accrued from the incessant hacking of
the pipeline at the notorious Arepo to Mosimi
axis of the pipeline artery has made the task of
providing seamless flow of petroleum products
to retail outlets more burdensome.
Mrs. Nnamdi-Ogbue said that despite the
challenge posed by the unavailability of the vital
System 2B Pipeline network, the PPMC has
continued to ensure that the country remains
wet with petrol through massive truck-out from
depots in Lagos, Oghara and recently Calabar.
SEE ALSO: Shell commences production
from Bonga Phase 3 project
The PPMC MD, however, noted that the spirited
efforts made so far by the Corporation to
entrench zero fuel queues across the country
are being hampered by the activities of some
unscrupulous marketers involved in hoarding,
sharp practices and diversion of petroleum
products for sale in black markets across the
country.
“We view this as a distortion to the economy
and we have invited the DSS and the EFCC to
take action,’’ she said.
Earlier in his presentation, the Group Executive
Director, Commercial and Investment, Dr.
Babatunde Adeniran, told the Senate Committee
that the fuel situation was exacerbated by the
inability of oil marketers to meet their import
allocation quota due to outstanding subsidy
payments thus creating a gap which PPMC has
been working round the clock to bridge despite
the extraneous challenges like hoarding and
incessant pipeline hacking..
SEE ALSO: President Buhari appoints
himself to end nation’s oil corruption
Answering a question on the ways to ensure a
lasting solution to the perennial problem of fuel
scarcity, Dr. Jamila Shu’ara Permanent Secretary
of the Ministry of Petroleum Resources and
leader of the delegation, harped on the need to
build strategic reserve stock of petroleum
products akin to the national grain reserves
across the country.
Senator Uche Ekwunife, Committee Chairman,
while acknowledging the efforts made so far by
the NNPC to ensure unimpeded fuel supply,
however gave the Ministry two weeks to ensure
sanity in the supply and distribution of
petroleum products across the country.

https://www.today.ng/news/national/43725/we-lost-n50bn-to-oil-thieves-in-9-months-nnpc


cc lalasticlala
seun
Afam4eva
OAM4J

Na wa

I thought PMB have stopped Oil/Product theft as from May 29th?

Get the oil thieves and jail them...chikena

cc demdem

tonyebarcanista flets kenai firefire anonimi
nigerianvenom genbloodykiller
Cc: Teryfik Sdindan Roob chukkiephil ChappyChase
Ishiamu gunuvi Truckpusher bomsilaga, erunz dunsman
Nigerianvenom PRYCE Phockphockman, nwadiuko1,
ibokUtoroh, Kodded, iPrinz20 Aprokoman, OcheJoseph,
dearpreye , Tomakint Francizy Temitemi1 Hinwazaka
Dumkem21 Biafranqueen Mogidi IsraeliAirforce
Candyrain Ambivert Rose2014 Opiaoku Engineerboat,
Talktimi ahaika23
coolestrogue APCSucks Emperortj93 Mizmycoli
DebateNigeria Chukwudi44 and all patriots

So things are still going missing when we have an islamic saint as president?

Oh gosh.

God help Nigeria from these thieves in Jesus name - Amen!!!

KO KON AYE, I THOUGHT THEY SAY GEJ WAS LYING.

I am getting tired of all the excuses... Baba, make I no vex for u oo... it's more than six month now, we've don't need excuses. You are just giving this useless wailers reason to wail

Who are they calling thieves the people who are collecting what is at their backyard or the people who leave their houses and go to another man's backyard to collect his property

Nigeria is just in a state of anarchy

So what are they doing about it? Nigerians are tired of so many excuses...they want CHANGE.....

50bn keke??