Tag: Oil Marketers
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EFCC recovers N329bn from 10 oil marketers
The Economic and Financial Crimes Commission (EFCC) has recovered N329 billion from 10 marketers from 2016 to date. The marketers defaulted in payment for products supplied to them by the Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Petroleum Products and Marketing Company (PPMC). About N20, 604, 109, 123.90 is yet to be recovered.…
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Alleged $115m bribery: EFCC names Diezani’s abetting oil marketers
The Economic and Financial Crimes Commission, EFCC, on Wednesday named three oil marketing companies which allegedly aided a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to distribute an alleged bribe of $115m to compromise the 2015 general election. An investigator with the anti-graft agency, Usman Zikari, who appeared as a witness before the Federal…
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Emefiele to appear before reps over forex sale to oil marketers
The House of Representatives on Monday summoned the Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele, over the apex bank alleged sale of foreign exchange to International Oil Companies (IOCs). Emefiele’s invitation by the House’s Ad hoc Committee on the Review of Pump Price of Petrol followed the committee’s rejection of the…