The NNPC in a statement to the Senate
Committee on Petroleum Downstream in Abuja,
said that the Senate had given it a two-week
ultimatum to end the fuel scarcity.
The Senate Committee, Managing Director of the
Pipelines and Product Marketing Company,
PPMC, a subsidiary of the NNPC, Mrs. Esther
Nnamdi-Ogbue, stated that Nigeria has lost a
total of 531 million litres of petrol valued at over
N50 billion to pipeline vandals between January
and September, 2015, at the System 2B Pipeline
network which covers from the Atlas Cove in
Lagos to Ilorin.
Nnamdi-Ogbue said that the continuous
vandalization of pipeline at the Arepo to Mosimi
axis of the pipeline artery, have made the supply
of petroleum products to retail outlets difficult.
She said PPMC is doing everything they can to
make sure they supply truck-out from depots in
Lagos, Oghara and recently Calabar.
She, however, noted that the efforts to supply
enough fuel across the country are being
hampered by the activities of some unscrupulous
marketers involved in hoarding and diverting of
petroleum products for sale in black markets
across the country.
She said:
“We view this as a distortion to the economy
and we have invited the DSS and the EFCC
to take action.”
Vanguard
