NNPC Goes After Benny Peters Aiteo, Walter Wagbatsoma’s Ontario To Recover $25m Debt From Fraudulent Crude Oil Allocation



The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has set machinery in motion to recover the sum of $25,000,000.00 million as unpaid debts from fraudulent crude oil allocations to two Nigerian oil marketing companies.

The companies are Aiteo owned by Mr. Ben Peters and Ontario owned by the jailed Walter Wagbatsoma.

Baru, our correspondent gathered has been told by President Muhammad Buhari to recover every penny owned the Corporation by local and foreign oil firms using every available means.

A top Presidency source told
our correspondent, on the condition of anonymity that the companies capitalised on their closeness to the former embattled minister of petroleum resources Mrs. Dieziani Allison-Madueke to fraudulently get crude oil allocations from Duke Oil, a subsidiary of the NNPC, without paying for the products they lifted.

“Sadly, this impunity brought Duke Oil to its kneels. The company was financially brought down and for so many years the company was not functioning because Aiteo and Ontario took over Duke Oil without any challenge from anybody in government. So the NNPC has been mandated to recover every penny from the owners of the companies using any means. What they did is unacceptable and they must repay the money they are owing the government,” the source said.

The source stated further that Duke Oil would have completely been liquidated if the former minister was still in government adding that during the last regime in the oil and gas sector the level of impunity was alarming.


“Where else in the world can a company lift crude oil meant for a government subsidiary and yet refuse to pay? Its unheard of but these companies with the help of their sponsors fraudulently lifted crude oil and refused to pay. So, the time has come for them to pay all that they own NNPC and we are going to use everything within our powers to get the money from them. They can run to anywhere in the world, we will make them pay that money,” the source who was bitterly angry told our correspondent.

Our correspondents investigations revealed that the companies on the orders of top officials of the past administration  connived with some key NNPC officials to lift crude oil allocations from Duke Oil without payment within the period under review.

Investigations showed that in 2012 Aiteo was allocated crude valued at $4,897,245.63 million while in 2013 and 2014, the company got crude oil valued at $6,528,298.08 million and $6,535,269.82 million respectively without paying a dime for the products.

The total amount of money owned by Aiteo, as at the time of filing this report  is$17,960,813.53 million with a current interest of $1,326,737.37 million  as at February 2016.

The embattled Ontario Oil and Gas Limited, our correspondent’s investigations revealed lifted products worth $6,271,682.95 million from Duke Oil only in 2014. Interest as at the end of February 2016 only attracted $329,514.54.

Comments

Post a Comment

Popular posts from this blog

Billionaire Akanimo Udofia Responsible For Oil Man Igho Sanomi's Crashed Marriage

Image
How The Erstwhile Brothers-in-Law Became Enemies Over Infidelity-based Allegations The marriage between billionaire oil magnate and philanthropist, Igho Charles Sanomi, and his wife, Eghonghon, has crashed. Eghonghon has moved out of her matrimonial home with the four children from the union, and has even filed for a divorce. Predictably, Sanomi, whose world revolves around his family, is distraught and devastated by this downward turn of event. Never would he, or even, Eghonghon, have thought that the love they had been nurturing from their college days, would come to such an abrupt end. Sources disclosed to The ELITES that the marriage between Sanomi and Eghonghon crashed as a result of myriad of problems, which was completely beyond the couple’s control. Somehow, the news of their crashed marriage was only known to just the couple’s families and close friends. Tragically too, the blame for the Sanomis’ crashed union, is being leveled on Akanimo Udofia, the billionaire busi
Read more

Oba Elegushi's New Wife, Hadiza Won't Live Under Same Roof With Olori Aramide

Image
Hadiza, the new wife of Oba Saheed Ademola Elegushi would be living apart from first wife Olori Sekinat Aramide – for now. Sources confirmed that based on existing arrangement new wife Hadiza would be primarily based in Abuja with periodic visits to Lagos state. Young king Elegushi popularly known as King Gushi is the Elegushi of Ikate Land, which is one of the pieces of Lagos state. Sources disclosed that the reasons behind the strategy of King Gushi’s new wife, Hadiza opting to live apart from the first wife Seki are two folds. ‘’To protect her business and maintain the peace while the anger of the first wife cools off’’ societynow.ng learned. Olori Sekinat is said to have kicked very against Oba Elegushi’s marriage to Hadiza, the new Olori when she was informed. Sources disclosed Oba Elegushi had stayed well ahead of the consequence of his first wife’s anger -and strong opposition – by informing her of the plan to take a second wife when she could do little or nothing to st
Read more

Single Mother Temitope Adesegun Is Ooni Ogunwusi's Soon-To-Be Wife

Image
Ooni of Ife, Adeyeye Enitan Ogunwusi has chosen his main heartthrob. And she is identified as “Tope Adesegun”. “The full name is actually Temitope Adesegun” a source disclosed. Light skinned and label a “beauty to behold”, the latest sweetheart of the leading monarch is said to have a two-year-old daughter. Details of the circumstances of the former life that transformed Tope into a single mother are sketchy. “But whatever she went through, it is obvious what she has going with the Ooni is far better” a source disclosed. Societynow.ng gathered that Tope pushes above heavy interests from quite a tidy number of other women to assume current status with the Ooni. Twice divorced – one before he became the Ooni – Oba Ogunwusi is “single” and has transformed the subject of intense wooing from women and family of all shades of colours. Source: Societynow
Read more