The House of Representatives on Thursday mandated its Joint Committee on Petroleum Resources (Downstream) to probe an alleged plan to sell of an oil vessel, M.T. Tuma, by the Nigerian National Petroleum Corporation, which it said could leave the country with a loss of over $70m.
According to the House, the Pipelines and Products Marketing Company, a subsidiary of NNPC, purchased the vessel for the 'purpose of haulage of petroleum products.'
A motion sponsored by a lawmaker, Mr. Kamil Akinlabi, indicated that M.T. Tuma had become a burden on the NNPC, costing millions of dollars to maintain.
He recalled that the ship was abandoned in Brazil in 2007 after it was sent for repairs 'with a resultant resurgence cost of over $5m.'
Akinlabi added, 'M.T. Tuma found her way into the shores of this country sometime in May 2012 with the job not done or poorly done, despite the fact that the NNPC had spent about $60m arising from demurrage, port charges, fines and other related charges in Brazil.
'Several contracts were awarded for the maintenance of the said vessel with money paid out to various companies without any work done. Tuma is now lying idle on the high seas and not in good condition to perform any function after the NNPC had spent at least $60m of tax payers' money.
'The NNPC management/PPMC is by now considering a total disposal of the ship, which will lead to a total loss exceeding $70m.'
The House unanimously passed the motion and directed its Joint Committee on Petroleum Resources (Downstream) to 'investigate the prolonged stay of the ship in Brazil, the role of individuals and companies connected and report back to the House within six weeks.'
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