By Alex Okoro, Abuja

OrderPaperToday – The House of Representatives has mandated its committee on Petroleum Resources (Downstream) to investigate the subversion of due process and corruption by management of Pipeline and Product Marketing Company (PPMC).

This resolution by the House arose from a motion on matter of urgent public importance entitled “urgent need to address the subversion of due process and outright corruption by the management of pipelines and product marketing company (PPMC)” sponsored by Mr. Ndukwe Nkole during Tuesday’s sitting.

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In the debate, the lawmaker argued that,”funds from oil products which is the main source of the country’s revenue is being diverted by the management of the PPMC 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, while there is a backlog of companies with paid off invoices who 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,” he said.

Nkole revealed that eight of the companies had not made payments for the products before they were authorized to lift DPK adding that they had since lifted the products.

He expressed worries that some companies have been upgraded to the status of “Major Marketers” by the management of PPMC without the approval of the GMD of NNPC.

“This is intended to subvert due process and divert revenue from our natural resources, because the companies are now entitled to lift product with Five hundred million Naira on credit line, “he told the House.

A voice vote was thrown up for adoption by Speaker Yakubu Dogara and the House unanimously adopted it.



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