Connect with us


NNPCL denies missing N20bn, payment to ghost consultants



NNPC to build two new condensate refineries

The Nigerian National Petroleum Company Limited (NNPCL) has refuted allegations making the rounds regarding theft and payment of ghost consultants by the company.

NNPCL was accused of paying the sum of N20 billion to ghost consultants and was also accused of stealing multi-billion naira tax due to the Ogun State Government.

The company in a statement stated that it does not have or deal with ghost consultants.

“At NNPC Ltd, the process of engaging consultants whenever the need arises is clear and verifiable and follow global best practices,” the company said in a statement. “It is therefore unfortunate that for whatever reason, the said online platform would make such a grievous allegation, mindless of the consequences of such actions, The claim of a missing N20bn is absolutely false and baseless.

Read also:NNPC releases 418m litres of petrol in seven days

It therefore demanded that Sahara Reporters — who initially made the allegations in its publication — retracts the said publication immediately adding that for future publications, its facts must be verified before going to press.

Addressing allegations related to Ogun State Government claiming a back duty tax liability of about N18 billion, against an NNPC subsidiary, the Petroleum Products Marketing Company (PPMC) Ltd, the company said:

“For clarity, PPMC had objected and challenged the claim through its Tax Consultant. Consequently, the Ogun State Government took the matter to court which is not unusual in business circles, The matter is currently before the court and NNPC Ltd will prove its case accordingly,” it said.

NNPC Ltd reiterated that the said online publication must be mindful of the consequences of its actions before taking them, noting that the matter is already in court.

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