New Page 1
New Page 1
Home About News Download Media Images Feedback Visuals OilTheft Map
New Page 1

latest news ...
14 Sep 2017 2 pipelines vandalized 42 times in 2017 alone – NNPC
14 Sep 2017 How pipeline vandalism reduced Nigeria’s oil production by 40% – NNPC
13 Sep 2017 NDDC Director decries citing Dangote refinery in Lagos
12 Sep 2017 Ex-Depot Price of Petrol Stable Despite Drop in Pump Price
More News...


New Page 1
Mentoring Module - Human Rights Defenders’ in Northern Nigeria
13 Jul 2017
Country: Nigeria

The Nigerian National Petroleum Corporation (NNPC) said its has recovered N2billion from Capital Oil and Gas from the N11billion worth of petroleum products it warehoused in the tank farms of Capital Oil.

The House of Representatives has however asked the management of Capital Oil and Gas to appear before its Committee on Petroleum Resources (Downstream) today or face legislative sanctions.

The lawmakers said the summon became imperative due to the inability of the Committee to successfully serve its invitation on the company despite many attempt to do so.

Chairman of the Committee, Joseph Adelaja during the opening of a two-day public forum on the disappearance of the petroleum products warehoused in Capital Oil’s tanks, said the matter over which the company was being invited has huge implication on the funding of the national budget.

Akinlaja said since the Committee does not have the luxury of time at its disposal and would not allow the oil company to thwart its investigation.

In his presentation, NNPC’s Chief Operating Officer (COO), Downstream, Henry Nkem-Obih said external assistance for the recovery of the money was sought after all internal mechanism to resolve the issue with the oil firm failed.

He said: “The throughput agreement we had clearly state that no party involved in this transaction is authorised to touch eact other’s inventory without a written consent of the other party, but in this case no such thing happened.

“Since NNPC is a government agency, the matter was referred to the DSS (Department of State Security Services) and the Economic and Financial Crimes Commission (EFCC) to recover the loss of government asset valued at over N11billion.



New Page 1
Home | About | News | Feedback | Library  
   © Copyright 2017 Legal Oil is a Project of CLEEN Foundation Follow us          Facebook         Twitter         BlackBerry PIN        LinkedIn Email: