Connect with us


NNPC to publish outstanding audited accounts – Kyari



NNPC says JV partners oil assets sold to incompetent operators

The Nigerian National Petroleum Corporation, NNPC, has that it would soon publish its outstanding audited account in line with its commitment to accountability and transparency.

This was diaclosed on Tuesday by the Group Managing Director, Mele Kyari when the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Mr. Waziri Adio, visited him at the NNPC Towers in Abuja.

It would be recalled that the corporation had recently announced that it had updated its outstanding audit from 2011 to 2016, adding that the management inherited a total of 65 unaudited financial statements covering 2011–2014.

The NNPC GMD also called the public to ignore attempts to drag the corporation into politics under the pretext of requests for information under the Freedom of Information law.

According to a statement by the corporation’s spokesman, Ndu Ughamadu, the GMD said though the corporation was committed to transparency and accountability to the Nigerian people, a line must be drawn between genuine requests for information and malicious attempts to drag it into politics using the FOI law as a cover.

Read also: N3.6bn DEBT: AMCON takes over steel firm linked to ex-Benue governor

“As you are aware, sometimes the requests are brazenly malicious, and they are laden with political undertones. NNPC finds it difficult to respond to such requests because it is mindful of falling into the trap of being drawn into politics or maligning others”, the GMD said.

Speaking on the request for disclosure of contracts and contractors by the NEITI boss, Kyari said the biggest contracts in the corporation’s portfolio currently are the products supply contracts under the Direct Sales Direct Purchase (DSDP) scheme.

He added that details of the contracts and the contractors would also be made public within this month.

Speaking during the visit, the Executive Secretary of NEITI, Mr. Waziri Adio, said he was particularly impressed with the corporation’s robust deployment of modern information and communication platforms, especially the website, which he noted could be used as a transparency tool through pro-active disclosures.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now