shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NNPC, major marketers at war over importation policy

NNPC, major marketers at war over importation policy

by Joshua
November 1, 2009
in Uncategorized

• Marketers oppose NNPC’s monopoly

Both the Nigerian National Petroleum Corporation (NNPC)
 and major marketers of petroleum products under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) are currently at each others throats following the refusal of the Petroleum Products Pricing and Regulatory Agency (PPPRA) to allow major players to also import the essential commodity.
First to throw the salvo last week was the Nigeria National Petroleum Corporation (NNPC), which accused the marketers of levelling confirmed allegation of corruption against the corporation.
The NNPC had through its group general manager, public affairs, Dr. Levi Ajuonuma, described the allegation of manipulation of the fuel importation regime by a mafia within the corporation as false.
But MOMAN also said in a statement that it was totally opposed to making NNPC “to become the defacto sole importer of petroleum products.
Affirming its stand on the contentious issue the association disclosed that it has already “written to the Honourable Minister of Petroleum to state that this situation is not in the interest of the nation or businesses, especially as NNPC controls only 40 to 50per cent of the reception facilities available for importation. As such, the balance of the nation’s import reception facilities are rendered redundant and are not utilised to ensure effective and maximum distribution of petroleum products.
This has a potential for serious supply disruptions.”
But Ajuonuma, said in a statement issued last week that the MOMAN members who were aggrieved by the Federal Government’s decision to allow NNPC take full charge of fuel importation  had accused an unnamed clique within the Corporation of feeding fat from millions of litres imported into Nigeria through the daily collection of $500,000 (about N75 million) cut from international commodity traders- Trafigura, Glencore and Vitol, to sustain the importation contracts awarded by its subsidiary, the Pipelines and Products Marketing Company Limited (PPMC).
He described the allegation as cheap blackmail and also described the bribery claim as “a poorly choreographed pack of lies which can not stand  due diligence and common sense investigation.  Look, $500,000 or N75million commission everyday is a lot of money anywhere in the world.”
So how can anybody collect such kickback as alleged by the major marketers without any trace or tracking in these days of forensic accounting where every dollar paid into the financial system can be traced?’’, he asked.

 


Related Posts

Auto Draft

Railways Transport 693,224 Passengers On Lagos/Ibadan Standard Gauge

February 2, 2023
SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022

Discussion about this post

Latest News

Customs Seize $6m Fake US Dollars, Arrest 4 Along Seme Border

Customs Seize $6m Fake US Dollars, Arrest 4 Along Seme Border

February 3, 2023

Customs Officials Targets Of Terrorists And Armed Groups—WCO Sec Gen

Nigerdock Goes Solar, Shifts to Renewable Energy

Sambo Declares Funtua Inland Dry Port As Port Of Origin, Final Destination 

FG Plans Vehicles’ Transit Park, Dry Inland Port For Zamfara — Matawalle

USCG Cutter Makes First Drug Seizure of 2023 in Gulf of Oman

VESSELS EXPECTED AT LAGOS PORTS AS AT 3RD FEBRUARY, 2023

VESSELS EXPECTED AT LAGOS PORTS AS AT 2ND FEBRUARY, 2023

Railways Transport 693,224 Passengers On Lagos/Ibadan Standard Gauge

LASG Again Warns Truck Operators Against Recklessness

NPA Expects 29 Ships With Petroleum Products, Others At Lagos Ports

Uromta  Takes Over As Acting Registrar Freight Forwarding Council

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition