• EFCC uncovers N86bn ‘fraud’ at PPMC

    EFCC uncovers N86bn ‘fraud’ at PPMC

    The Economic and Financial Crimes Commission (EFCC) has uncovered a case of alleged conspiracy between top officials of the Pipeline and Products Marketing Company (PPMC) and some major marketers of the products in the country that has cost the government over N86 billion.

    PPMC, a subsidiary company of the Nigeria National Petroleum Company (NNPC), is in charge of distribution and sale of refined petroleum products, throughout the country.

    The alleged fraud, according to a source at the commission, borders on racketeering of […]