The Economic Crime Unit of Lincolnshire Police said it had been conducting a major investigation with the National Health Service involving offences of fraud and money laundering in excess of £13 million.
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The lawmakers, who noted that the 16-page report did not meet their expectations, lamented that it, however, energized the corruption that was on going in the sector, and not a representation of Senate’s integrity.
Princewill Demian 18 January 2017, Sweetcrude, Abuja – The Department of Petroleum Resources (DPR) on Wednesday dispensed 14,400 litres of…
Sen. Marafa lamented the amount paid by the Nigerian National Petroleum Corporation (NNPC) was not approved by the National Assembly as required by law.
The PPMC boss called on marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.
He further explained that IPMAN has been infiltrated with non-members who diverts fuel to black markets, adding that they would also collaborate on surveillance of filling stations across the country.
“As part of this committee’s work, we are also reviewing that template to see whether there are things we need to do to help us ensure that we can accommodate sales at the N145/litre window. So, that is also going to be looked into. The PPPRA is working on that and is heading a special committee on it.”
Across the globe, many countries are responding to the increase in the price of crude. Only last week, Saudi Arabia, the world’s largest producer and exporter of crude, announced plans to raise petrol and jet fuel prices in January in an effort to reduce energy subsidies and bolster state finances.
Kachikwu accused some marketers of illegally maximising profit by diverting fuel meant to be supplied in Nigeria.
Nipco commended NNPC Management as well as that of its subsidiary company, Petroleum Products Marketing Company (PPMC) for boosting petroleum products supplies, disclosing that Nigerians would soon feel the impact of NNPC intervention immediately.
