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Reps to probe 'missing' 5.2 million barrels of crude oil

The
House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP).
The decision to undertake the probe followed a motion of urgent public importance moved by Abubakar Makki from Jigawa state during plenary on Wednesday.
Direct Sales Direct Purchase Agreement (DSDP) replaced the Oil Processing Agreement (OPA) in 2016.
DSDP allows sales of crude oil to refiners, who will in turn supply the Nigerian National Petroleum Corporation (NNPC) with an equivalent worth of petroleum products.
The DSDP has allowed NNPC to be the sole importer of refined products. ....

Port Harcourt , Abubakar Makki , Nigerian National Petroleum Corporation , Pt Mag Campaign , Oil Processing Agreement , Direct Sales Purchase , Sales Direct Purchase Agreement , Call Willie , போர்த் ஹர்கார்ட் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , ட் மாக் பிரச்சாரம் , நேரடி விற்பனை கொள்முதல் , அழைப்பு வில்லி ,

NNPC: Reps probe 5.2 million barrels Direct Sale Direct Purchase crude oil allocation

NNPC: Reps probe 5.2 million barrels Direct Sale Direct Purchase crude oil allocation
NNPC: Reps probe 5.2 million barrels Direct Sale Direct Purchase crude oil allocation
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The House of Representatives, on Wednesday, unveiled plans to investigate the activities of Nigerian National Petroleum Corporation on the allocation of crude under the Direct Sale Direct Purchase (DSDP) scheme.
The resolution was passed sequel to the adoption of a motion sponsored by Hon Abubakar Makki Yalleman, who underscored the need for the Corporation to account for the total of 5.2 million barrels allocated for domestic supply in 2018 to date.
In his lead debate, Hon Yalleman expressed concern over the media report on “the unfortunate details of how Nigeria’s crude oil is being stolen or diverted daily. ....

Abubakar Makki Yalleman , Nigerian National Petroleum Corporation , Direct Sale Purchase , Hon Abubakar Makki Yalleman , Hon Yalleman , Direct Sales Purchase , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , நேரடி விற்பனை கொள்முதல் ,

Reps to investigate crude allocation under DSDP arrangement

The resolution came after the adoption of a motion moved at the plenary on Wednesday by Rep. Makki Yalleman on the need to scrutinise the DSDP scheme.
Presenting the motion, he said the contents of a report published in ThisDay Newspaper of 14th February 2021, brought to national attention the unfortunate details of how Nigeria’s crude oil is allegedly being stolen or diverted daily.
Quoting the report, he said approximately 5.2 million barrels of crude oil supposedly allocated to the comatose NNPC refineries in 2018 under Direct Sales Direct Purchase (DSDP) operations are unaccounted for.
He said: “Essentially, almost half of the 10.9 million barrels of crude oil allocated for domestic supply between June 2018 and July 2019 as reported by the NNPC is either stolen or diverted.” ....

Makki Yalleman , Thisday Newspaper , Direct Sales Purchase , நேரடி விற்பனை கொள்முதல் ,

DSDP scheme: Reps probe 'missing' 5.2 million barrels worth $339m – Punch Newspapers

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Leke Baiyewu, Abuja
The House of Representatives has resolved to investigate the 5.2 million barrels of crude oil worth $339m, which was reported to have been unaccounted for by the Nigerian National Petroleum Corporation under the Direct Sales Direct Purchase scheme.
A member of the House, Abubakar Yalleman, moved a motion at the plenary on Wednesday to call for investigation of the DSDP arrangement, which has allegedly led to loss of oil and revenue.
The motion was titled ‘Urgent Need to Investigate the Allocation of Crude Under the Direct Sale Direct Purchase (DSDP) Scheme.’
Following the unanimous adoption of the motion, the House resolved to set up an ad hoc committee to investigate “allocation of crude oil under DSDP scheme from 2018 till date, crude oil allocation per refinery and the rationale for such allocation, and what happens to unutilised stock of crude oil in the case of a refinery with inadequate production ca ....

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House of Reps to probe 'missing' 5.2 million barrels of crude oil

House of Reps to probe 'missing' 5.2 million barrels of crude oil
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

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