Thursday, 17 January 2013

PPMC: Nigeria lost about N165bn to pipeline vandalism in 4 yrs

Pipelines and Products Marketing Company Limited, PPMC, has said that the economy had lost about N165 billion in the last four years to pipeline vandalism. The sum includes the cost of repairs and products theft.
Managing Director of PPMC, Mr. Haruna Momoh, at the commissioning of four units of triple agent fire-fighting trucks at its Mosimi Depot, Ogun State, noted that the activities of vandals at Arepo and products theft across the country had become a recurring national embarrassment and had cost the country, N165 billion between 2009 and 2012. He added that on a number of occasions, the vandals at Arepo, who have become notorious in their operations, attacked personnel of PPMC with guns and other dangerous weapons, and prevented them from fixing the damaged pipelines.
This, he said, led to the death of a number of personnel over the years and had brought about a huge cost on PPMC, the marketing arm of Nigerian National Petroleum Corporation, NNPC, in the area of repair of the vandalised pipelines.

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