Thursday, July 27, 2017

EFCC Probes MDs of Forte Oil, Oando, Total & Others, “Recovers” N329bn

An interrogation of the managing directors of nine major oil companies, including Forte Oil, Oando and Total by the Economic and Financial Crimes Commission, EFCC, has led to the recovery of a N328.9bn debt diverted by the major oil marketers in connivance with NNPC and PPMC leadership.
The other companies whose bosses were quizzed are: Conoil Plc, OVH Energy Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.

The EFCC spokesman, Wilson Uwujaren, who made this known in a statement on Wednesday, said the recovery followed a petition against the leadership of the Nigeria National Petroleum Corporation, NNPC, and its subsidiary, Pipelines and Product Marketing Company, PPMC, alleging the diversion of N40bn.

Uwujaren said the anti-graft agency referred the petition to a special task force which swung into action by conducting discrete investigation.

Source: TheWill