OIL & GAS

Who Owns Duke Oil That Allegedly Imported Contaminated Fuel Into Nigeria?

<h4>Who owns duke oil that allegedly imported contaminated fuel<&sol;h4>&NewLine;<p>As fuel scarcity bits harder and commuters stranded in different bus stations&comma; Nigerians are asking and requesting the full disclosure of the owners of Duke Oil&comma; <strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> learned&period;<br &sol;>&NewLine;Duke Oil is alleged to be responsible for the importation of the contaminated Premium Motor Spirits&comma;PMS&comma; in the country&period;<br &sol;>&NewLine;According to information&comma; Duke Oil is said to be a subsidiary of Nigeria National Petroleum Corporation&comma; NNPC&period;<br &sol;>&NewLine;By regulation&comma; OpenLife gathered that it acts as the government agency’s trading arm&comma; which makes the firm the only importer of PMS into Nigeria&period;<br &sol;>&NewLine;The company was established about 32 years ago during the administration of General Ibrahim Babangida&comma; with a registered designation of Sociedad Anonima&comma; which means Anonymous Society&period;<br &sol;>&NewLine;Sociedad Anonima implies that shareholders of Duke Oil are largely unknown or secret&comma; and its registered base is Panama&comma; a central American country known for providing safe haven to money<a href&equals;"https&colon;&sol;&sol;www&period;google&period;com&sol;"> launderers&period;<&sol;a><br &sol;>&NewLine;However&comma; OpenLife has been reliably told that MRS Oil Nigeria Plc has accused Panama-based Duke Oil for the imported adulterated fuel&period;<br &sol;>&NewLine;MRS Oil Nigeria Plc was earlier speculated as the importer of the bad PMS&period;<br &sol;>&NewLine;In its reaction&comma; MRS denied importing the substandard PMS&comma; stating that importation of fuel into Nigeria was solely the responsibility of Duke Oil on behalf of NNPC&comma; and the contaminated fuel was distributed to various retailing companies&comma; it said on Wednesday&period;<br &sol;>&NewLine;This development has raised eyebrows as to why a government agency such as NNPC is running a sole trading arm that is operating out of a money laundering country with secret shareholders&period;<br &sol;>&NewLine;Meanwhile&comma; credible sources have dislosed that the adulterated fuel was allegedly bought by Duke Oil from international trader&comma; Litasco&comma; and it has 20&percnt; methanol&comma; an illegal substance in Nigeria&comma; after it was delivered with Motor Tanker &lpar;MT&rpar; Nord Gainer&period;<br &sol;>&NewLine;Following delivery into tank&comma; it was observed that the product appeared hazy and dark&period; The product analysis revealed that the PMS discharged by MT Nord Ganier had 20&percnt; methanol&comma; which is an illegal substance in Nigeria&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

Share This
Openlife Reporter

Recent Posts

Rivers State Set To Boil Again As Wike Draws Battle Line With Governor Fubara

Rivers State Set To Boil Again OpenLife Nigeria reports that after a lull, fresh signs…

3 hours ago

Terrorism In Nigeria: We Have Approached Turkey For Assistance—President Tinubu

Terrorism In Nigeria OpenLife Nigeria reports that President Bola Tinubu has said that officers and…

14 hours ago

FirstBank Introduces Exclusive 500-Seater Bleacher At Carnival Calabar & Festival 2025

FirstBank Introduces Exclusive OpenLife Nigeria reports that FirstBank, West Africa’s premier financial institution and financial…

15 hours ago

US Military Strike In Sokoto: Historical Context And Antecedents Of Terrorism In Nigeria

US Military Strike In Sokoto OpenLife Nigeria reports that the scope of terrorism which begun…

15 hours ago

After A Week-Long Tactical Operations, Kebbi Police Arrest Kidnap Suspects, Recover Firearms

After A Week ‎OpenLife Nigeria reports that the Kebbi State Police Command has recorded yet…

1 day ago

First Lady Inspires Confidence In Police Officers To Combat Crimes, Gives Generous Yuletide Supports To Kebbi State Command

First Lady Inspires Confidence In Police Officers To Combat Crimes ‎ ‎OpenLife Nigeria reports that…

1 day ago

This website uses cookies.