Home / E GIST / Reps to investigate NNPC’s missing 5.2 million barrels of crude oil under DSDP policy

Reps to investigate NNPC’s missing 5.2 million barrels of crude oil under DSDP policy

The Home of Representatives has resolved to analyze the alleged lacking 5.2 million barrels of crude oil.

The alleged lacking oil is underneath the Direct Gross sales Direct Buy (DSDP) coverage of the Nigerian Nationwide Petroleum Company, (NNPC).

The DSDP is a coverage of the NNPC that offers crude oil to refiners in change for distilled merchandise.

On Wednesday, following the adoption of a movement moved by Makki, the lawmakers resolved to analyze the coverage from 2018-2021 in a bid to search out how the thousands and thousands of barrels of crude had been diverted.

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Based on the movement by Abubakar Makki, the 5.2 million barrels of crude oil had been allotted to the native refineries, nevertheless, the NNPC didn’t get the identical product again.

Makki mentioned: “The Home wants to analyze 5.2 million barrels supposedly allotted to comatose refineries that had been unaccounted for by these in cost.”

Referencing a report in Thisday Newspaper, the lawmaker argued that the Home ought to examine the standing of the capability of the native refineries to refine the product.

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He defined that the Home “wants to analyze the rationale for allocating crude to native refineries.”

The Inexperienced chamber mandated its committee on petroleum(Downstream) to conduct the investigation.

Reps to analyze NNPC’s lacking 5.2 million barrels of crude oil underneath DSDP coverage

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