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NNPC, Capital Oil At Odds Over N11bn Petrol Theft

NNPC, Capital Oil At Odds Over N11bn Petrol Theft

The Nigerian National Petroleum Corporation (NNPC), and Capital Oil and Gas Industries Limited have disagreed over the alleged N11 billion petroleum products theft, Vanguard reports.

Capital Oil launched an accusation against the NNPC, when it alleged that the corporation had over N16 billion outstanding debts to settle. But the Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, disclosed in a telephone interview that Capital Oil’s narrative was a distraction from the main issue. He stated that the issue at stake was not about indebtedness but petroleum products theft.

Meanwhile, Justice Muhammed Idris of a Federal High Court sitting in Lagos, has ordered the Department of State Service (DSS), to produce Mr Ifeanyi Ubah to show why he (Ubah) should not be released unconditionally. The trial judge gave the ruling following an ex-parte application by Mr. Ubah’s counsel, Mrs. Ifeoma Esom, to compel the release of Ubah from the DSS’s custody where he had been since Saturday, May 6, 2017.

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