Jolted by two consecutive investigative reports by PREMIUM TIMES x-raying procurement irregularities and sophisticated corruption of due process at the, the presidency this week summoned the Corporation’s Group Managing Director , Mele Kyari, to the Villa.
The GMD was summoned to explain how, under his watch, an intricate web was woven by top officials to dispose 30 million litres of slop oil in a manner that violated the nation’s public procurement regulations. In the wake of the inability of Kaduna, Port Harcourt and Warri refineries to produce Low Pour Fuel Oil as a result of a major rehabilitation exercise slated to last 44 months, slop oil is the only alternative to LPFO, a product of fractional distillation used to power boilers in manufacturing facilities, including cement factories.
Without slop oil as an alternative, most manufacturing facilities in the country would be shut down with the attendant layoff of thousands of workers. Consequently, available slop oil in Nigeria is viewed as a national strategic stock. It is this stock that cash-hungry NNPC officials contrived and sold off to export companies who will ship them to overseas end users.
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