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;

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