After N11bn PMS with Ifeanyi Ubah, MRS goes missing NNPC sacks 3 directors

After N11bn PMS with Ifeanyi Ubah, MRS goes missing NNPC sacks 3 directors

Few weeks after the Nigerian National Petroleum Corporation (NNPC) announced measures to achieve full recovery of over 130million litres of premium motor spirit (PMS) worth N11billion from Capital Oil & Gas Limited, it has sacked three of its directors and deployed four others.

While the reason for sending the directors on compulsory leave was not disclosed, feelers are that the affected directors may have been involved in the N11billion missing PMS.

Billionaire businessman owns Capital Oil and Gas Limited.

Mr. Ndu Ughamadu, the group general manager, group public affairs division of NNPC, said that the affected directors were retired by the corporation.

He however, did not explain the reason behind the seeming sudden retirement.

He said, “In line with the ongoing reforms in the Nigerian National Petroleum Corporation, the management has announced the retirement of some staff and the deployment of others. The retired staff are Mrs. Esther Nnamdi-Ogbue, Managing Director, NNPC Retail Ltd; Mr. Alpha P. Mamza, Executive Director, Operations, NNPC Retail Ltd; and Mr. Oluwa Kayode Erinoso, Manager, Distribution, NNPC Retail Ltd.

Read also: FOREX: Senate unravels alleged N30tn fraud by banks

“The deployments are Mr. Adeyemi Adetunji, Managing Director of NNPC Retail Ltd; Engr. Lawal Bello, Executive Director, Operations, NNPC Retail Ltd; Mrs. Affiong Akpasubi, Executive Director, Services, NNPC Retail Ltd; and Mr. Agwandas A. Andrawus, Manager, Distribution, NNPC Retail Ltd.

“The appointments take effect immediately.”

NNPC had last month announced that over 130million litres PMS worth N11billion stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited, under a throughput arrangement to ensure a robust strategic reserve was missing.

Henry Ikem-Obih, NNPC chief operating officer, downstream, while disclosing that had told journalists in Abuja that the infraction was discovered earlier in the year when the corporation had need to access the over 100million litres of petrol.

 

RipplesNigeria ….without borders, without fears

Click here to download the Ripples Nigeria App for latest updates

The post After N11bn PMS with Ifeanyi Ubah, MRS goes missing NNPC sacks 3 directors appeared first on Ripples Nigeria.