The NNPC in a statement to the Senate Committee on Petroleum Downstream
in Abuja, said that the Senate had given it a two-week ultimatum to end
the fuel scarcity.
The Senate Committee, Managing Director of the Pipelines and Product
Marketing Company, PPMC, a subsidiary of the NNPC, Mrs. Esther
Nnamdi-Ogbue, stated that Nigeria has lost a total of 531 million
litres of petrol valued at over N50 billion to pipeline vandals between
January and September, 2015, at the System 2B Pipeline network which
covers from the Atlas Cove in Lagos to Ilorin.
Nnamdi-Ogbue said that the continuous vandalization of pipeline at the
Arepo to Mosimi axis of the pipeline artery, have made the supply of
petroleum products to retail outlets difficult.
She said PPMC is doing everything they can to make sure they supply truck-out from depots in Lagos, Oghara and recently Calabar.
She, however, noted that the efforts to supply enough fuel across the
country are being hampered by the activities of some unscrupulous
marketers involved in hoarding and diverting of petroleum products for
sale in black markets across the country.
She said:
“We view this as a distortion to the economy and we have invited the DSS and the EFCC to take action.”
Vanguard
