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Kenya Pipeline MD Joe Sang quits

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Kenya Pipeline Company (KPC) managing director Joe Sang, who quit Tuesday morning. FILE PHOTO | NMG 

The Kenya Pipeline Managing Director Joe Sang has quit his position as the board invited crime busters to investigate the disappearance of more than 21 million litres of fuel, which KPC claimed to have either spilt or was stolen by vandals.

Mr Sang, whose first term was to end in April next year, handed his letter to the board on Tuesday morning.

In the letter, Mr Sang said that “due to personal reasons”, he would not be seeking extension of his term, which effectively ends his troubled tenure at KPC.

In a press statement signed by KPC chairman, Mr John Ngumi, the board on Tuesday also invited oil marketing companies (OMCs) to conduct forensic audit of stock positions and to complete the exercise by December 31.

“The board directed management to accord maximum cooperation to both the DCI and the forensic auditors,” Mr Ngumi said.

This followed a row between KPC and major oil companies over the whereabouts of 21 million litres of fuel, worth over Sh2 billion, which the company claims spilt in the fields – or was stolen in the last two years.

The 10 leading oil marketers had written a joint letter dated October 26, 2018 in which they demanded to conduct their own forensic audit to check the accuracy of stock statements issued by KPC and get to the bottom of what was turning to be bogus records of loss.

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