http://www.freshpointnews.com/2017/07/26/efcc-recovers-n329bn-from-9-oil-firms/


The Kano Zonal Office of the Economic and Financial Crimes Commission, EFCC, has recovered a total sum of N328,988,296,990.62 from nine major oil marketers across the country.

The nine major oil firms include NNPC retails, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc .

The recovered amount is for products collected from the Nigerian National Petroleum Corporation, NNPC, and its subsidiary, Pipelines and Products Marketing Company, PPMC, without payments as at when due.

The EFCC achieved such feat by acting on a petition accusing officials of the NNPC and PPMC of conniving with major oil marketers to divert the sum of N40 billion belonging to government.

In a Statement made available to Vanguard, the EFCC said it referred the petition to a special task force which swung into action uncovering that the oil marketers were actually indebted to the federal government to the tune of N91,519,485,204.44 between 2010 and 2016.

“Further investigation into the allegation also revealed that the oil marketers had continued to obtain petroleum products from the government without proper payment in violation of the NNPC/PPMC credit facility regulations. “The probe of the firms led to the discovery of N258,928,926,351.93 being the amount they held back from the oil corporation. “Following the latter discovery, the total amount of debt which was due the government oil agency stands at N349,818,411,556.37.

“Upon the conclusion of the preliminary investigation, officials of NNPC/PPMC and all the managing directors of the concerned companies which are NNPC retails, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc were invited to the Kano Zonal Office of the Commission where their statements were recorded following which the recovery process commenced. “So far, a sum of N328,988,296,990.62 has been recovered from the major oil marketers. “The outstanding debt now stands at N20,765,919,869.48,” EFCC said.

Good

Is the efcc a debt collection agency? Or an audit agency?


FAKE NEWS -/ PROPAGANDA

gsmphoneseller:
Why did this Yoruba mod change the topic and blocked the original post?

Stupid bigots.

Because those corupt companies mentioned are owned by Yorubas.

I was wondering why they kept closing the threads hmmmmmm!!!

top of the morning mynd44 i wanna join whistle blowing how can i go about it??

Only if they'll just account for the one they've already recovered will some of us be really happy about this

If you support accounting for the already recovered loots or monies since inception of this administration, click like

optional1:
top of the morning mynd44 i wanna join whistle blowing how can i go about it??

My brother, whistle blowing can be dangerous these days oh. you could be charged for false alarm if the raid brings up nothing incriminating. sounds absurd but that's just how it is.

effoi:

My brother, whistle blowing can be dangerous these days oh. you could be charged for false alarm if the raid brings up nothing incriminating. sounds absurd but that's just how it is.

egbon mi i can't blow false whistle ooh, is real whistle i will blow nothing like false alarm..

Just give me the job biko.

kingphilip:
Only if they'll just account for the one they've already recovered will some of us be really happy about this

If you support accounting for the already recovered loots or monies since inception of this administration, click like

u just wan chop likes today bah

I go borrow you 1 shay.

The money embezzled by this criminal can make Nigeria teice beautiful than Dubia..

Africans are still slaves, just not under the colonial masters..

Kudos EFCC

Them won tell us another story again.
This country Nigeria is a joke

gsmphoneseller:
Why did this Yoruba mod change the topic and blocked the original post?

Stupid bigots.

Because those corupt companies mentioned are owned by Yorubas.

Yoruba is not your problem. The thieves should be your concern not their tribe. Please.

E no consign me as long as light dey my house .......... I comment my reserve

Imagine

wtf

ok

They will just be calling money and using the word recover along side the money as if the remote control person misplaced come find am.

gsmphoneseller:
Why did this Yoruba mod change the topic and blocked the original post?

Stupid bigots.

Because those corupt companies mentioned are owned by Yorubas.

What was the original post?

impact it has on nigerian let me know, useless govt.

Or

Great news. Efcc working

gsmphoneseller:
Why did this Yoruba mod change the topic and blocked the original post?

Stupid bigots.

Because those corupt companies mentioned are owned by Yorubas.

You do know Google is your friend and you can easily search to know the directors of everyone of those companies. At least one is owned by a certain Igbo man of repute

[color=#006600][/color]where is d money going to.

EFCC has become more successful after getting rid of their failed-rapper, Twitter handler.

kingphilip:
Only if they'll just account for the one they've already recovered will some of us be really happy about this

If you support accounting for the already recovered loots or monies since inception of this administration, click like

hustling for likes early this morning? Instead of hustling for something dat will b beneficial to you, Naija youth wich way

Where is the money?

Magu don hammer

Ok

Nor be today...they have been recovering since time immemorial... So not news...sha dey wi still borrow