Oando Plc has denied importing adulterated premium motor spirit (PMS) into the country, contrary to what the Nigerian National Petroleum Company (NNPC) Limited said.
Group managing director of NNPC, Mele Kyari, had on Wednesday listed Oando, Duke Oil, MRS, and Emadeb/Hyde/Ay Maikifi/Brittania-U consortium as those responsible for the adulterated fuel in circulation in the country.
He said NNPC investigation revealed the presence of methanol in four PMS cargoes imported by the aforementioned.
Emadeb/Hyde/Ay Maikifi fingered Brittania-U as the party which broke contractual agreements and imported substandard products.
However, Oando, whose chief executive is Wale Tinubu, in a statement released to the Nigerian Exchange Limited on Thursday, said: “Following media reports listing Oando as one of four importers that supplied methanol-blended Premium Motor Spirits into the country, we hereby state that Oando did not import and supply PMS that was adulterated or substandard.
“The PMS supplied by Oando met Nigeria’s import specification. We are committed to working assiduously with the NNPC and industry to identify the root cause(s) of the subsequent contamination of the PMS supplied.
“We want to assure the public that Oando as a responsible corporate citizen would not partake in the importation, distribution, or marketing of substandard petroleum products.”
