NNPC to recover illegally evacuated PMS

NNPC to recover illegally evacuated PMS

The Nigerian National Petroleum Corporation (NNPC) has announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS), also known as petrol, stored in the facilities of two indigenous downstream operators; MRS Limited and Capital Oil & Gas Limited, under a throughput arrangement to ensure a robust strategic reserve.

Providing details of the act by the companies, the NNPC Chief Operating Officer, downstream, Henry Ikem-Obih, told journalists in Abuja that the infraction was discovered earlier in the year when the Corporation had need to access the over 100 million litres of petrol stored at the Capital Oil & Gas depot for NNPC retail and just over 30 million litres in MRS Limited depot all in Apapa area of Lagos.

 Ikem-Obih said the visit revealed that there was no molecule of product for the NNPC to evacuate.

Ikem-Obih disclosed that the Corporation has alerted the Department of State Service, the Economic and Financial Crimes Commission (EFCC) as well as the relevant committees of the National Assembly with oversight function on the corporation’s downstream operation to help recover the assets contrary to the insinuation that NNPC kept mute over the infraction until the Senate uncovered it.

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