Reps Panel To Lay Report Of OVH Energy Acquisition Probe

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The House of Representatives Ad-hoc Committee investigating the alleged fraudulent acquisition of OVH by Nigerian National Petroleum Corporation Limited

While responding to questions on the use of Oando brand seen during the facility tour Makinde assured the Ad-hoc Committee that NNPC Retail is gradually drawing down on the usage of Oando brand.

The NNPC Retail official, said since the ASPM Jetty facility can handle 1 million litres per hour against about 500,000 litres on the average, it reduced the time that marketers wasted awaiting for vessels to come into the area. “The House deemed it fit to set up the Ad-hoc Committee to investigate the wrong processes and in the cause of our investigation, we invited G

“It’s in that regard that we now came to Lagos to see those assets that are owned by OVH and from what we’ve seen today, we’ve gone to the Aviation Terminal, we’ve gone to their Lubricant, we’ve also gone to ASPM Jetty.

 

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