The Nigeria National Company Limited (NNPC Ltd) has said that Cameroon, Benin, Niger and Mali rely on smuggled petroleum products from Nigeria’s borders.
Umar Ajia, the chief financial officer of NNPC Limited, made the statement when he appeared before a House of Representatives committee investigating Nigeria’s fuel subsidy regime on Monday.
Mr Ajia claimed that neighbouring countries prefer purchasing smuggled subsidised petrol from Nigeria rather than importing fuel into their countries.
He added that anyone can smuggle trucks of petroleum products through the Nigerian borders with as little as N5 million
“If you have five million naira, you can cross the borders with trucks laden with PMS, that is the bitter truth, we have porous borders; yes we have Customs but I do not know,” he said.
“PMS crosses everywhere, to Cameroon through the North East, Nigerian PMS gets to Mali; our neighbouring countries hardly import PMS; infact, some of…