The House of Representatives Ad-hoc committee on the Review of Pump Price of Petrol chaired by Raphael Nnana Igbokwe (Ahiazu/Ezinihitte Federal Constituency, Imo State) has accused RAHAMANIYA Oil and Gas Ltd of diverting 60 million metric tons of petroleum products worth one million dollars ($1million).
Document before the committee showed that there was no trace of finale discharge of the products to the Nigeria National Petroleum Cooperation (NNPC), committee chairman Igbokwe said
"we have problems tracing 3 of your transactions with Atlantic Grace 20,000 metric tons, on October 2016, MT Angelica, January 2017 also 20,000 metric tons can't be traced and the transaction of your company with MT Admiral Atlantic on 20 December 2016 is also not found in the records of Department of Petroleum Resources (DPR), Nigeria Ports Authority and other stakeholders
"As representatives of the people we consider this as diverted products because there is no record to trace the where about of the products. We are also duty bound to know where these products have been taken to. We are further worried that a reputable firm like Ramania will have issues with this", he said.
The representatives of RAHAMANIYA Oil and Gas Ltd, Aminu Abdullahi, (Chief Finance Officer)denied the allegations saying all documents relating to the said transactions as queried by the committee are included in the submitted documentd.
"I have documents to present that the products came to our farm tank and was taken out to where NNPC authorize the discharge, he said.
However, the explanation by Abdullahi was not accepted by the committee stating several oil companies have come up with same excuses such as subsidy claims that could not not be substantiated with documented evidence
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