Stella Dimoko Senate Resolves To Probe NNPC Over $396m Allegedly Spent On Refineries Maintenance


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Friday, January 31, 2020

Senate Resolves To Probe NNPC Over $396m Allegedly Spent On Refineries Maintenance

The Senate on Thursday, resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013 and 2015.

It also mandated the Committee on Petroleum Downstream, Upstream and Gas to carry out a holistic investigation on the Turn-Around Maintenance expenditures and the current state of the refineries as well as convoke a stakeholders conference with the aim of finding ways to revamp them.

The decision to investigate spendings on maintenance of refineries by the Corporation was reached after consideration of a motion brought to the floor by Senator Yusuf A. Yusuf (APC, Taraba Central).

Ezrel Tabiowo, the Special Assistant on (Press) to the Senate President, Ahmad Lawan said this in a statement in Abuja.

The lawmaker, however, noted that the Nigerian National Petroleum Corporation has four refineries: two in Port-Harcourt (PHRC) and one each in Kaduna (KRPC) and Warri (WRPC).

According to him, the refineries were established to adequately supply and serve needs for Liquefied Petroleum Gas (LPG), Premium Motor Spirit (PMS), Dual Purpose Kerosene (DPK), Automotive Gas Oil (AGO), Low Pour Fuel Oil (LPFO), High Pour Fuel Oil (HPFO) and Aviation Turbine Kerosene (ATK) for both local consumption and exports.

He recalled, “The country through NNPC has in the past 25 years spent Billion of US dollars in Turn-Around Maintenance of the refineries, the latest being over $396 million spent between 2013 and 2015 without meaningful result.”

The lawmaker lamented that “the refineries have remained in moribund state in the last 15-20 years and is almost reaching total collapse due to lack of proposer maintenance of the facilities with a poor average capacity utilization hovering between fifteen percent and twenty-five percent per annum.”

Senator Yusuf said “despite the huge spending on turn-around Maintenance of refineries, NNPC recently announced a cumulative loss of N123.25 billion in 10 months (January to October, 2019), putting the total revenue of facilities at N68.82 billion, while total expenses incurred was N192.1 billion within the same period.”

He warned that “such huge wastage and slippages amidst the nation’s tight economy, if not addressed, may lead the country back to recession.”
from dailypost


  1. I did a double take on that figure when I realized it was in dollars! Wow!!!
    This country hmmmšŸ˜©

  2. Just another extortion/blackmail exercise. The nnpc guys will settle with dollars. Case closed

  3. See money being shared amongst few people,9ja my country

  4. The head of that NNPC and ‘some other people’ have been squandering the countries resources. Looting funds and using some of their staff to launder in that Abuja unit. Them plenty oh. Everyday they are flying the private jets into Dubai. Travelling to different countries every minute and every second. Come and see the plenty money these top officials waste.
    Make I stop here for now.

  5. Trust me, nothing is coming out of this probe...las las dollars will settle dollars...

  6. Oh we have refineries?... I didin no!

  7. $396,000000
    šŸ˜µšŸ˜µšŸ˜„šŸ˜„šŸ˜„ am so sure they will sweep it under the carpet as usual

  8. Mark my word. Nothing good will come out of this probe. It will be business as usual.


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