The Nigerian National Petroleum Corporation, NNPC, yesterday, threatened to revoke the lifting license of any marketer found to be involved in diversion of petroleum products.
The NNPC, in a statement signed by Ohi Alegbe, Group General Manager, Group Public Affairs Division, NNPC, stated that this measure becomes necessary in a bid to sanitise the fuel distribution and supply system and eliminate queues at filling stations across some cities in Nigeria. To this end, Alegbe disclosed that its mid-stream subsidiary, the Pipeline and Products Marketing Company (PPMC), has revoked the lifting license, also called Bulk Purchase Agreement, of three independent marketers for engaging in products diversion and sundry infractions. The affected marketers, according to him, are Funo Alfa, Organizer West Africa, and Rich Oil, adding that the sanction is with immediate effect. Alegbe blamed the current fuel scarcity across the country on the activities of some of the marketers who have resorted to the diversion of the product. He said, “In a bid to sanitize the fuel distribution and supply system and eliminate the queues at filling stations across some cities in Nigeria, the NNPC has warned that henceforth, any oil marketer found to be involved in products diversion will have its Bulk Purchase Agreement with the PPMC revoked.
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