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A statement from the anti-graft agency on Wednesday said that investigations by EFCC operatives revealed that from 2010 to 2016, the oil marketers were owing the Federal Government of Nigeria N91.5bn.
“So far, a sum of N328,988,296,990.62 (three hundred and twenty-eight billion, nine hundred eighty-eight million, two hundred and ninety-six thousand, nine hundred and ninety naira, sixty-two kobo) has been recovered from the major oil marketers.
“The outstanding debt now stands at N20,765,919,869.48 (twenty billion, seven hundred and sixty-five million, nine hundred and nineteen thousand, eight hundred sixty-nine naira, forty-eight kobo),” the statement read.
The commission alleged that further investigation also revealed that the oil marketers had continued to obtain petroleum products from the government without proper payment, in violation of the NNPC/PPMC credit facility regulations.
The affected companies include NNPC retails, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.
“So far, a sum of N328,988,296,990.62 (three hundred and twenty-eight billion, nine hundred eighty-eight million, two hundred and ninety-six thousand, nine hundred and ninety naira, sixty-two kobo) has been recovered from the major oil marketers.
“The outstanding debt now stands at N20,765,919,869.48 (twenty billion, seven hundred and sixty-five million, nine hundred and nineteen thousand, eight hundred sixty-nine naira, forty-eight kobo),” the statement read.
The commission alleged that further investigation also revealed that the oil marketers had continued to obtain petroleum products from the government without proper payment, in violation of the NNPC/PPMC credit facility regulations.
The affected companies include NNPC retails, Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.
