The House of Representatives has mandated its Committee on Petroleum Resources (Downstream) to investigate a report on the alleged missing petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC) with a market value of about N11billion stored in a private Tank Farm in Lagos.
Moving the motion at the House plenary of Thursday, April 27th 2017, Hon. Yusuf Tajudeen (PDP: Kogi) described the “sudden disappearance” of the petroleum product as creating a large void in the nation’s anticipated revenue generation. Hon. Tajudeen’s also informed the chamber that although the owner of the Tank Farm agreed to have lifted the products without authorization, he had failed to meet up with the deadline imposed for its return. Thus, the NNPC had referred the matter to the Department for State Service (DSS) for further investigation. However, he expressed concern over the levity the issue was being handled as the diversion of the products was detrimental to the nation’s revenue generation drive.
