The corporation said the loss occurred from various incidents of pipeline vandalism that occurred at various spots along the System 2B pipeline network, from the Atlas Cove in Lagos to Ilorin in Kwara State.
Managing Director of the Pipelines and Product Marketing Company, PPMC, a subsidiary of the NNPC, Esther Nnamdi-Ogbue, told the Senate Committee on Petroleum Resources (Downstream), that the losses occurred as a result of the incessant hacking of the pipeline, particularly along the notorious Arepo-Mosimi axis.
The sabotaged pipeline artery, Mrs. Nnamdi-Ogbue explained, had made the task of providing seamless flow of petroleum products to retail outlets in the western part of the country more burdensome.
The PPMC boss said despite the challenge posed by the unavailability of the vital System 2B Pipeline network, the NNPC subsidiary responsible for products marketing and distribution has continued to ensure that the country was supplied with petrol through alternative arrangements, including massive truck-out from fuel depots in Lagos, Oghara, and recently, Calabar.
The efforts by NNPC so far to ensure adequate supply of fuel and removal of fuel queues across the country, the PPMC MD said, were being hampered by the activities of some unscrupulous marketers hoarding the products and perpetrating other sharp practices, including diversion to the black market.
“We view this as a distortion to the economy and we have invited the DSS (Department of State Security) and the EFCC (Economic and Financial Crimes Commission) to take action,” Mrs. Nnamdi-Ogbue said.
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