NNPC loses N190bn to pipeline vandalism

The Nigerian National Petroleum Corporation lost a total of N190bn to pipeline vandals between 2011 and 2012, the Petroleum Products Marketing Company Limited has said.

Spokesman for PPMC, Mr. Nasir Imodagbe, disclosed this in a telephone interview with our correspondent in Abuja on Wednesday.

Details of the loss showed that while revenues lost to crude oil theft decreased substantially within the period, revenues lost to theft of refined products, however, increased substantially. Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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