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EFCC Recovers N328.9b From Nine Major Oil Marketers

The commission, in a statement by its spokesperson Wilson Uwujaren, identified the marketers as NNPC Retail, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.

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The Economic and Financial Crimes Commission (EFCC) says it has recovered N328.9 billion from nine major oil marketers in one year.

The commission, in a statement by its spokesperson Wilson Uwujaren, identified the marketers as NNPC Retail, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.

The recovery was made by the Kano office of the commission between July 2016 and July 2017.

It followed a petition against the management of the NNPC and its subsidiary, Pipelines and Product Marketing Company (PPMC).

He said the petition alleged that N40 billion had been diverted by the major oil marketers in connivance with the leadership of the NNPC and PPMC.

“The EFCC, in a swift reaction, referred the petition to a special task force which swung into action by conducting discrete investigation.

“Findings by the operatives of the EFCC revealed that the oil marketers were actually indebted to the Federal Government of Nigeria to the tune of N91.5 billion between 2010 and 2016.

“Further investigation into the allegation also revealed that the oil marketers had continued to obtain petroleum products from the government without proper payment, in violation of the NNPC/PPMC credit facility regulations.

“A probe of which further led to the discovery of N258.9 billion.’’



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