Just recently, the Economic and Financial Crimes Commission (EFCC) beamed its searchlight on the administration of the former Managing Director of the Petroleum Products Pricing and Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) with surprising revelations. The EFCC reportedly discovered that Ogbue-Nnamdi connived with shady oil magnates and cabals to perpetrate a fuel subsidy scam. Consequently, the anti-graft agency arrested the former PPMC boss for further interrogation about her part in the alleged scam.
Ogbue-Nnamdi was until the recent reforms in the oil industry, the MD of the PPMC where it was alleged that she illicitly enriched herself and amassed stupendous wealth from sales of IPOs to shady oil cabals. She was also accused of accepting kickbacks through proxies and other underhand dealings that accentuated the ongoing fuel scarcity being experienced across the country.
A highly placed source in the EFCC revealed that the commission recently launched an inquiry to detect the sources of acquisition of choice properties in Abuja, the Federal Capital Territory (FCT). The agency allegedly focused its searchlight on Ogbue-Nnamdi following a tip-off on her acquisitions particularly a house at Maitama valued at N1.2 billion. The edifice was allegedly built and furnished within two months of her resumption as PPMC boss. The property which is located off Number 4, Amazon Street, Maitama allegedly confounded the EFCC leadership due to its grandiosity and unabashed opulence.
About six months into her tenure as PPMC’s MD, Ogbue-Nnamdi, a lawyer, started living large. The civil servant who used to be a quiet woman metamorphosed into an instant superstar in the oil sector. Top marketers became her buddies and she allegedly masterminded and participated in a lot of deals with some popular petroleum marketers including a very controversial oil magnate.
When she was later removed as PPMC boss and reassigned to a less lucrative ministry, she wept and wailed like a banshee. She made frantic attempts to influence her re-appointment as PPMC boss but all her efforts amounted to nothing.
Now that her game is up and prosecution and possible jail term stares her in the face, Ogbue-Nnamdi has resorted to telling stories. She currently goes about saying unprintable things about her former employer. According to an insider, with what Ogbue-Nnamdi has done, Diezani’s exploits in the oil sector may look like child’s play.
Until she was appointed to head PPMC by Minister of State for Petroleum, Emmanuel Ibe Kachikwu, Ogbue-Nnamdi occupied several important positions within the NNPC. Earlier, she was General Manager, Board Matters and Management Committee Department (BMMC) in the Corporate Secretariat and Legal Division (CSLD) of the NNPC, where she organised Board/Board Committee meetings amongst others. Her appointment as the MD of PPMC was a major recognition of the work that she did within the NNPC as well as the experience that she has acquired over the years. Interestingly, when Ogbue-Nnamdi finally had her shot at the limelight, she blew it.