Products diversion: NNPC seals three marketers’ outlets

By Musa Adamu
Abuja

In a bid to sanitise the fuel distribution and supply system and eliminate the queues at filling stations across some cities in Nigeria, the Nigerian National Petroleum Corporation (NNPC) through the Pipeline and Products Marketing Company (PPMC) has revoked Bulk Purchase Agreement (BPA) of three marketing companies.
The corporation has also warned of further repercussion henceforth to any oil marketer found to be involved in products diversion.

The corporation said the warning was issued in the face of persistent tightness of supply being experienced in the country despite huge load-outs from PPMC depots by both major and independent marketers, a situation traced to diversion.
Revoked companies axed in the latest move were found to have been engaged in products diversion and sundry infractions.

The affected marketers are Funo Alfa, Organiser West Africa, and Rich Oil. The sanction is with immediate effect.
It warned marketers to desist from products diversion, hoarding, and any other form of sharp practices as it would not hesitate to wield the big stick against any marketer found wanting going forward.
It added that it was closely monitoring the market and that the withdrawal of lifting licenses of erring marketers was a continuous exercise.