Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Environment
    • Community Development
    • Renewable Energy
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » $60m vessel: Reps move to probe NNPC over purchase

    $60m vessel: Reps move to probe NNPC over purchase

    March 1, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    01 March 2013, ABUJA — THE House of Representatives has ordered an investigation into the alleged wastage of the sum of $60million by the Nigeria National Petroleum Corporation,NNPC, on an oil vessel named MT Tuma.

    The said vessel which is owned by the Pipeline and Products Marketing Company, PPMC, a subsidiary of the NNPC, was purchased for the haulage of petroleum products.

    The House mandated its Committee on Petroleum Resources, Downstream, to investigate the rationale behind the prolonged stay of the ship in Brazil and ascertain those individuals or organisations responsible for its delay.

    This resolution followed a motion of urgent public importance sponsored by Hon. Mudashiru Kamil Akinlabi, representing Afijo/Atiba/ Oyo West/Oyo East Federal Constituency.

    Akinlabi said that MT Tuma left the shores of Nigeria in 2007 for a routine dry docking exercise (maintenance) which was expected to last three months. He, however, alleged that the ship left Nigeria without a proper scope of the work to be done on it.

    According to him, the ship had gone on a similar voyage before then and was abandoned in Brazil for almost six years, costing the nation about $5million.

    He alleged that MT Tuma found her way into the shores of Nigeria in May last year without the maintenance job done.

    In spite of the shoddy job, Akinlabi said, the ship incurred a cost of about $60 million arising from demurrage and other port charges in Brazil.

    “We are conscious of the fact that several contracts were awarded for the maintenance of the said vessel and money paid out to various companies without any work done.

    “MT Tuma is now lying idle on the high sea and not in good shape to perform any economic function even after having spent at least $60m of tax payers’ money,” he said.

    Akinlabi also alleged that he learnt that the NNPC was considering a total disposal of the ship, adding that, that would amount to the nation losing about $70million.
    *Okey Ndiribe and Emman Ovuakporie, Vanguard

    Related News

    Nigeria’s domestic gas sales jump as production nears 8bcf/d

    NCS trains officers to strengthen environmental trade regulations

    Nigeria’s ex-oil minister Alison-Madueke cleared of all charges in UK corruption trial

    E-book
    Resilience Exhibition

    Latest News

    Nigeria to power 35,000 health facilities with renewable energy

    June 18, 2026

    Navy uncovers hidden crude storage site, recovers 17,000 litres in Delta

    June 18, 2026

    ‘Steel, power sectors must align to drive industrial growth’

    June 18, 2026

    Nigeria’s domestic gas sales jump as production nears 8bcf/d

    June 18, 2026

    With MethaneLive, TotalEnergies uses data to support methane emissions reduction

    June 18, 2026
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2026 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.