The Petroleum Products Pricing and Regulatory Agency (PPPRA) is mired in corruption, so says the Lagos zone chairman of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Reverend S. F. Oginni. He alleged further that the agency is involved in corrupt acts in the administration of subsidy on petrol in Nigeria.
The PENGASSAN chief who represented the oil workers’ association before the House of Representatives ad-hoc committee investigating the subsidy regime in Abuja said last week that his association was aware of the PPPRAs involvement in the sharp practices.
"PENGASSAN strongly believes that PPPRA price templates as currently being bandied needs to be reviewed."PENGASSAN opines that only a political will can sustain any affirmative legislation to put in place subsidy re-investment programme which requires credible people drawn from all strata of the country", he stressed.
The body also called for unbundling of the Nigeria National Petroleum Corporation (NNPC) in order to make it "freed from political interference and to enable it take commercial decisions that fosters profit orientation and competitive business culture."
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