EFCC recovers N46bn from oil marketers | Welcome to Linda Ikeji's Blog

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Monday 12 September 2016

EFCC recovers N46bn from oil marketers

EFCC has reportedly recovered N46 billion from oil marketers in a probe of massive fraud in oil lifting in the Nigerian National Petroleum Corporation NNPC.

According to The Nation, the marketers whose names are yet to be disclosed because the investigation is yet to be concluded, lifted products without paying a dime to the defunct Petroleum Products and Marketing Company (PPMC), a subsidiary of the NNPC now known as the National Petroleum Marketing Company(NPMC).

A top source in EFCC, who spoke in confidence said“When we conducted our investigation, we discovered that the affected marketers sourced products from NNPC through PPMC without paying for them. In some instances, these marketers got two or three supplies and paid for one.

Through connivance, they cooked the books. We discovered that products worth about N100billion were lifted and unpaid for by marketers leading to the invitation and interaction with some of them. So far, we have been able to recover N46billion out of the N100billion which the nation had purportedly lost.”

The source alleged some forces within and outside NNPC and PPMC behind the syndicate almost frustrated the EFCC team investigating the “fraud”.

“The cartel wielded enormous influence in the sector and it almost frustrated the investigation and the recovery. As a matter of fact, some forces in NNPC and PPMC did not want us to go this far"he said

19 comments:

Unknown said...

Okies

Unknown said...

Story for the gods...

baba said...

Make EFCC go slip

Bonita Bislam said...

These are the crooks that have held this country by the jugular. Our problem in this country with regards to fuel is as a result of the greed of these people.
I wish EFCC the strength of 10elephants to fight this war

Unknown said...

I wonder wher d money is goin after d recovery

Chizzy Liz said...

***************************good to knw*******Channel the money to a better use dax my own *******

Chizzy Liz said...

***************************good to knw*******Channel the money to a better use dax my own *******

Esther said...

But with all this money they are recovering, what are they doing? Why is Naija still broke AF? If you share 46bn against 1million Nigerians to start a business, is it not something? Mscheew

NaijaDeltaBabe said...

E go better


...merited happiness

Genny's Blog said...

Story for the gods.






says, Genevieve.

Anonymous said...

make unaq dey discover at d end we no go se the money could u believe yesterday i went to withdraw money for atm, atm is saying no money bros lolzzzzz

Unknown said...

We are indeed fantastically corrupt. Carry go EFCCC.

Unknown said...

GOOD TO SEE, BUT WHERE THE HELL IS THE MONEY?







AUNTY LINDA 👩

Unknown said...

good
-D great anonymous now as Vivian Reginalds

Anonymous said...

Aabegi make we hear word... we only hear abt the recoveries and not where it goes afterwards.

Unknown said...

Dats good. Linda take note!

olatunji said...

The real thieves are the people in politics who you and I worship. We hail them and sing their praises while they keep out wealth. Even these efcc chiefs are fantastically corrupt.

Anonymous said...

All we hear is millions and billions recoveries.
EFCC eku'se,God bless Nigeria.

Freeborn wept for the eaters of the money,lol
#linda welldone#

Unknown said...

Orisirisi... dee

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