Friday, 31 July 2015


A call has been made by the Independent Marketers Branch (IMB) of the National Union of Petroleum and Natural Gas Workers (NUPENG) to President Muhammadu Buhari to be cautious of the racketeers and cabals who have taken over the petroleum industry. According to them, total reforms to check the rot and corruption in sector should be put in place.

The best-selling and most sought after online business news publishers, Tectono Business Review, got to know this development when the National Chairman of IMB, Mr. Ogbodo Thompson made it known in Benin City shortly after he and other members of the executive committee were returned unopposed at the third quadrennial delegates conference of the union.

In his own words: “There must be total reforms in the oil and gas sector. You know that in a place where a kind of syndicate operate or cabals operate, it will be difficult or it will take a longer time for such to be investigated. We have to identify who these syndicates are and until such persons are identified, not much can be realised and we cannot move forward. I will advise that the current administration do a thorough investigation and carry out a reform in the NNPC. This, I believe, will help us as a nation. With his stake, I believe our pipelines will work; subsidy or no subsidy, private depots or no private depots, I just pray that they don’t lure him into the racket and if they don’t lure him into the racket, he will give a better leadership.”