Latest News

Nigeria imported 202.9m metric tonnes of petrol from 2015 till date, Navy tells Reps

The Nigerian Navy on Thursday disclosed that a total of 202.9 million metric tonnes of premium motor spirit (PMS)  were imported into the country between January 2015 and July 2022.
The Representative of the Chief of Naval Staff, Rear Admiral Oluwagbemi,  made the disclosure while making a presentation before the House of Representatives Adhoc Committee investigating the actual daily PMS consumption in the country.
According to him, from January to July this year, a total of 12.3 million metric tonnes of premium motor spirit have been imported into the country.
Oluwagbemi said the importations covered those by the Nigerian National Petroleum Company (NNPC) Ltd, Pipelines and Petroleum Products Marketing Company (PPMC) and the oil marketers.
He also revealed that the Nigerian Navy arrested 174 oil vessels for various offences between January 2017 and July 2022.
According to him, the arrested vessels were handed over to the Economic and Financial Crimes Commission (EFCC) and the Nigerian Security and Civil Defence Corps (NSCDC) for prosecution depending on the nature of the offences committed.
While responding to the presentation, the  Chairman of the ad-hoc committee, Rep Abdulkadir Sa’ad, commended the Nigerian Navy for availing the investigative panel of vital information which he said would help the panel greatly in the course of its investigations.
He expressed disappointment over the absence of many of the key Ministries, Departments and Agencies (MDAs) invited to make presentations to the committee.
Sa’ad warned the defaulting MDAs and other stakeholders who failed to honour the committee to appear unfailingly at the next hearing or be ready to face “unpalatable consequences.”
Jacob Segun Olatunji

Recent Posts

Why I want INEC to probe Tinubu’s minister— Reps member

"I kept quiet because, at that point, I believed that I won the election and…

24 minutes ago

Scrapping foreign scholarships in order — ASUU

THE Academic Staff Union of Universities (ASUU) has lauded the Federal Government for scrapping foreign…

38 minutes ago

Over 70 per cent of consumers switched brands in 2024 — Expert

  • Says Brands must know their customers to enhance loyalty A marketing communications practitioner,…

58 minutes ago

$700m CVFF: Indigenous shipowners scramble for mergers over 15 per cent equity

NIGERIAN shipowners are currently in a state of confusion over possible mergers and collaboration following…

1 hour ago

Despite N700bn revenue boost in 2024, consumers groan under power supply, metering, charges burdens

• 11 Discos received 203,116 complaints in H2, 2020 • Members spent N1.11trn on alternative…

2 hours ago

Telecoms, banks, mobility brands demonstrate resilience, top media performance charts in Q1, 2025 — Report

The nation’s commercial banking, ride-hailing, and telecommunications sectors dominated the list of brands that demonstrated…

2 hours ago

Welcome

Install

This website uses cookies.