NNPC Dismisses 4 Top Officials Over ‘Missing’ Petrol Scandal

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NNPC recorded N197 billion loss in 2016

There are strong indications that the management of the Nigerian National Petroleum Corporation (NNPC) has wielded the big stick on four top officials of the agency.

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Quoting multiple sources, Premium Times is reporting that the four ‘affected’ senior officials were asked to step down on Thursday over the ‘missing’ petrol scandal involving Capital Oil & Gas Nigeria Limited owned by businessman, Ifeanyi Ubah.

The affected officials are:

  • The Managing Director of the NNPC Retail, Esther Nnamdi-Ogbue;
  • The General Manager (Operations) of NNPC Retail, Mamza Gwadabe;
  • Ibrahim Bello, another official of NNPC retail.

While the identity of the last person could not be ascertained as at press time.

It is understood that the case and the officials have now been referred to the Economic and Financial Crimes Commission (EFCC) for a full-scale investigation of the matter.

Some birds in the polity also squealed that it was Mrs. Nnamdi-Ogbue who triggered the initial investigation after her attention was called to the matter.

The products – over 100 million litres of petrol worth over N14 billion – belonging to the NNPC Retail, were stored at the private depots under a throughput arrangement as part of the corporation’s strategy to build strategic national fuel reserve.

The NNPC Chief Operating Officer, Downstream, Henry Ikem-Obi, said the fraud was discovered last January when the Petroleum Products Marketing Company, PPMC, another subsidiary of NNPC, needed to access the NNPC Retail’s petrol stored at the Capital Oil depot, to bridge the supply gap.



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