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, the Nigerian National Petroleum Corporation (NNPC) said on Thursday.
Managing Director of the Pipelines and Product Marketing Company (PPMC) a subsidiary of the NNPC, Mrs. Esther Nnamdi-Ogbue, said this in a presentation to the Senate Committee on Petroleum Downstream.
Mrs. Nnamdi-Ogbue said 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.
According to a statement by NNPC spokesman, Mr. Ohi Alegbe, the PPMC boss told Senators 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.
The Economic and Financial Crimes Commission (EFCC) yesterday interrogated former Governor of Akwa Ibom State Godswill Akpabio over allegation of financial crimes. Daily Trust gathered that Akpabio honoured the invitation by the anti-graft agency to explain allegations of looting of the state’s funds during his tenure. Sources told our correspondent that Senator Akpabio was being interrogated late yesterday evening at the Abuja head offices of the Commission. He was spotted at the EFFC office in company of a Senior Advocate of Nigeria, Rickey Tarfa, at about 5:20pm. Akpabio’s arrest yesterday is fallout of the petition by an Abuja-based lawyer and activist, Leo Ekpenyong, who had on June 8 this year petitioned President Muhammadu Buhari and the EFCC, calling for Senator Akpabio’s probe and accusing him of looting. The petitioner had earlier on Wednesday adopted his petition and provided more details to the anti-graft agency on the allegations against the minority leader of People...
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