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The Kano Zonal Office of the Economic and Financial Crimes Commission
has recovered the sum of N328,988,296,990.62 from nine major oil
marketers across the country. A statement released the anti-graft
agency says the amount represents the cost of products the companies
collected from the Nigerian National Petroleum Corporation and its
subsidiary, Pipelines, and Product Marketing Company, PPMC, but refused
to pay as at when due. The recovery was sequel to a petition against the
leadership of Nigeria National Petroleum Corporation, NNPC and PPMC.

The petitioners had accused the NNPC and PPMC of conniving with the
nine oil marketers to divert a whopping sum of N40 billion belonging to
the government agency and asked the EFCC to move to recover the cash.
The EFCC in a swift reaction referred the petition to a special task
force which swung into action conducting a discrete investigation.

According to the statement, investigations showed that the oil
marketers were actually indebted to the federal government of Nigeria to
the tune of N91,519,485,204.44 between 2010 and 2016.
source: L.Ikeji

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