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Reps To Probe Loss Of 11 Billion Naira NNPC Petroleum Product

The House of Representatives has directed its Committee on Petroleum Resources (Downstream) to investigate the disappearance of 11 billion Naira worth of petroleum products said … Continue reading Reps To Probe Loss Of 11 Billion Naira NNPC Petroleum Product


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A file photo of lawmakers at the House of Representatives in Abuja

Reps To Investigate 500m Naira Fund For Chibok Secondary SchoolThe House of Representatives has directed its Committee on Petroleum Resources (Downstream) to investigate the disappearance of 11 billion Naira worth of petroleum products said to belong to the Nigerian National Petroleum Corporation (NNPC) from a private tank farm where it was stored.

In a motion sponsored by Rep Yussuf Tajudeen, the House observed that the matter has led to a huge revenue loss for the Federal Government.

Lawmakers say they are concerned that if the matter is not properly handled, it may result in the diversion of more products.

The House Committee is to report back to the House in four weeks.