Author Topic: IPMAN To EFCC: Curb Corruption In Refineries, Depots  (Read 130 times)

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IPMAN To EFCC: Curb Corruption In Refineries, Depots
« on: August 01, 2017, 04:09:07 AM »
The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday urged the Economic and Financial Crimes Commission (EFCC) to curb corruption in the sale of petroleum products in the refineries and depots across the country.

Speaking with The Nation on phone,  its National Vice President, Alhaji Abubakar Maigandi said sharp practices in the allocation and loading of the products was still a major threat to the free flow of fuel that this administration advocates.

?There is corruption in those Nigerian National Petroleum Corporation (NNPC) depots; you have to give them money before you load in any of  Warri, Port Harcourt and Kaduna refineries,? he said.

Maigandi, who commended the  Group Managing Director of NNPC, Dr. Maikanti Baru  for his visit to the EFCC, urged him to take advantage of the relationship to tackle corruption  in the oil downstream industry.

He said only the NNPC is importing products and it sells them at a lower rate than the independent marketers, which is accountable for the price disparity.

He added that some independent marketers have however followed suit to lower their pump prices because they seek high turnover. The situation, he said has made the market highly competitive to the benefit of the consumers.

He said marketers were not accessing kerosene directly from NNPC, stressing that the middlemen are responsible for the additional cost in securing the kerosene.

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IPMAN To EFCC: Curb Corruption In Refineries, Depots
« on: August 01, 2017, 04:09:07 AM »

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