Exclusive: Security Agencies Investigate Past NNPC, PPMC Top Shots Over Crude Oil Swap

Exclusive: Security Agencies Investigate Past NNPC, PPMC Top Shots Over Crude Oil Swap
August 19 15:33 2015 Print This Article
Mrs. Dieziani Allission-Maduwke

Mrs. Dieziani Allission-Maduwke

Security agencies including the Nigeria’s Economic and Financial Crimes Commission (EFCC), have been mandated to dig deep in their investigations to unearth all the dirty deals involved in the fraudulent crude oil swap by the ministry of petroleum resources.

The oil swap deal, which is considered as the most fraudulent of all deals done by the ministry of petroleum resources under the watchful eyes of former minister Mrs. Dieziani Allission-Maduwke has been a subject of controversy right from the day the deal signed.
Our correspondent gathered from top security resources that President Muhammadu Buhari has directed security agencies involved in the investigations to look critical at the terms of the agreement to know who and who benefitted from the deal that the nation lost billions of dollars.
One of the sources told our correspondent, on Wednesday that President Buhari has directed that all accounts of top officers of the Nigeria National Petroleum  Corporation (NNPC) and its subsidiaries, especial the Petroleum Products Marketing Company (PPMC) be thoroughly investigated and anyone found in possession of monies considered beyond their means should be question to explain the sources of the funds.
 We gathered that already security agencies have commenced background checks on past group managing directors (GMDs), group executive directors (GEDs), managing directors of all the agencies under the petroleum ministry and top management staff of the NNPC within the period the controversial crude oil swap deal was signed.
“If the Buhari government digs deep in this investigations what it will come up with will be a huge embarrassment to the Nigeria and the i international community. It will set world record in fraud because people made the crude swap personal business. They could even kill anybody who stood in their way. Anybody who dreamt up the idea of crude oil swap is a criminal and must be brought to book,” the source said.
The source stated further that  “under the crude swap arrangement they stole Nigeria blind,” adding that the only justice that would be done to the Nigeria nation “is to investigate the deal and bring whoever is responsible to justice”.
Our correspondent gathered that the security agencies were also directed to look critically at the dirty deals which allegedly took place in the crude marketing department while Mrs. Allison-Madueke was minister.
Our correspondent’s investigations revealed that Mr. Gbenga Komolafe, who held sway as the group general manager in the department is still been investigated and that his allegded involvement in fraudulent deals in the department robbed him of his elevation to the position of GED.
“It was on account of the security indictment that prevented Mr. Komolafe from been elevated to the rank of GED in the recent reorganisation exercise,” one of the security sources told our reporter.
Frontiersnews gathered that trade unions in the petroleum ministry are pushing for the sack of Mr. Komolafe since other who were investigated by the EFCC and other security agencies have been sacked.
“There was no reason why the new GMD should leave him in NNPC. If he is really for change and accountability, such people shouldn’t be in the system. He has even posted Mr. Komolafe to a non existent department. If he is not biased he should show him the way out of the system,” the source stated further.
Shortly after the Buhari government assumed office, the EFCC commenced investigations in the key agencies in the petroleum sector.
The agencies and their heads which were investigated include the finance and accounts department of NNPC headed by the  then deputy group managing director (DGMD), Mr. Benard Oti, crude oil marketing department, headed by Mr. Komolafe, the Pipeline Product Marketing Company (PPMC), headed by its former MD Mr. Haruna Momoh, the Department of Petroleum Resources headed by Mr. Abiodun Osahon, the Nigerian Petroleum Development Company (NPDC) headed by Mr. Anthony Muoneke and the immediate past executive secretary of the Petroleum Equalisation Fund Mrs Adefunke  Kasali.
It would be recalled that President Buhari while addressing state governors in June declared “there are financial and administrative instructions in every government parastatal and agency. But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them.The next three months may be hard, but billions of dollars can be recovered, and we will do our best, ” the President told the governors.
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