Abuja – The House of Representatives on Tuesday mandated its committee on Petroleum Resources (downstream), to investigate alleged subversion of due process and corruption by Pipeline and Product Marketing Company (PPMC).
This followed a motion sponsored by Rep. Ndukwe Nkole (Abia-PDP), under Matters of Urgent Public Importance, which was unanimously adopted by members through a voice vote.
Nkole said that “funds from oil products which are the main sources of the country’s revenue, are being diverted by PPMC’s management through illegal transactions.
“Some known oil companies have been programmed to lift dual purpose kerosene (DPK), without making payments for the products and without even having bulk purchase agreements with PPMC.
“There is a backlog of companies with paid off invoices which have not been programmed to lift products.
“Only recently, 20 companies were programmed to lift DPK, out of a backlog of about a 100 companies.’’
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According to him, eight of the companies have not made payments for the products before they were programmed to lift DPK, adding that they have since lifted the products.
Nkole said some companies had been upgraded to the status of major marketers by the management of PPMC without the approval of the Group Managing Director of NNPC.
“This is intended to subvert due process and divert revenue from our natural resources, because the companies are now entitled to lift products with five hundred million naira on credit line’’, he said. (NAN)