The Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC), Maikanti Baru said 4501 petrol trucks were simply
untraceable, vanishing from the Nigerian radar, during the biting fuel
supply crisis.
“Due to massive diversion,
hoarding, panic buying and smuggling, coupled with the information that
three Direct Sales Direct Purchase Consortia had rejected October
cargoes, there was insinuation of a supply gap,” he said Thursday at an
investigative public hearing by a Joint Senate and House of
Representatives Committees on Petroleum Downstream, at the National
Assembly Complex, Abuja.
Baru disclosed that during the period,
NNPC could not track the movement of 4,501 trucks representing the
quantity of the disappeared products.
According to him, the
nation lost about 148,533,000 million litres of fuel to the suspected
diversion during the December fuel crisis.
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