NNPC Outlaws 113 Oil Tankers From Crude Oil Lifting In Nigeria

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Nigeria Records N7trn Revenue From Crude Oil Exports

The Nigerian National Petroleum Corporation, NNPC, has banned 113 oil tankers from lifting crude oil from Nigeria.

It was gathered that the ban was in line to the corrupt practices recorded in the export of Nigeria’s crude.

A statement signed by Gbenga Komolafe, Group General Manager, Crude Oil Marketing Division, NNPC, stated that the tankers were banned from entering Nigerian oil facilities and territorial waters.

Reacting to the ban, a Nigerian crude oil trader said; ”We suspect it is part of a fallout from the level of scrutiny that NNPC is currently under”.

It was learnt that the ban, which is indefinite won’t be lifted unless the NNPC receives a notice to the contrary from the Federal Government.



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