Tuesday, August 2, 2016

50 NNPC Workers Linked to N15bn Fraud, Former Boss on the Run Over $1.6bn Deal

At least 50 members of staff of the Nigerian National Petroleum Corporation (NNPC) are presently being investigated for their alleged roles in a multi-billion naira retail fraud, according to a source familiar with the probe of the NNPC workers.

The 50 NNPC workers allegedly colluded to defraud NNPC retail outlets of the sum of N15 billion which has resulted in an internal probe.

According to The Nation newspaper, the NNPC management is presently seeking legal advice on whether it should hand over the 50 workers to the Economic and Financial Crimes Commission (EFCC).

Concerning the 50 NNPC workers, a source said:

“The N15billion Fraud Was Committed In NNPC Retail Outlets Nationwide And About 50 Staff Have Been Implicated So Far.

“Going By The NNPC Act, We Have To Exhaust Internal Mechanism Of Investigating The N15billion Fraud Before Inviting EFCC Or Any Anti-Graft Agency.

“Since We Have Our Checks And Audit Control Unit, We Must Have Gone Far In Our Auditing Process In Order To Be Able To Hand Over Our Findings To EFCC. All Those Involved Are Presently Going Through Internal Investigative Procedures. We Have Even Recalled Two Former Managing Directors Of The Retail Services Unit Who Have Retired.”

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