The Integrity Youth Alliance has called on the so-called “coalition of 50 civil society organizations” CSOs under the auspices of the Nigeria Civil Society Situation Room to stop dancing naked in public.
Responding to a publication in Authority Newspaper titled “Alleged Corruption: 50 CSOs indict, demand Kyari’s sack, prosecution within 7 days,” published on Saturday, March 2, 2024, the Board Chairman of the Integrity Youth Alliance, Comrade Adewole Kehinde, said that it is unfortunate that the so-called “coalition of 50 civil society organisations” could display their obtuseness in public on the alleged “infractions and corruption” against Mele Kyari.
“Unfortunately, the so-called “coalition of 50 Civil Society Organisations” is so naïve to the fact that the acquisition came with its challenges, and in every merger and acquisition, there is a transition period, and we are aware that the NNPC Limited is rising to those challenges brought about by the transition,” Adewole said.
The statement further read, “It is on record that the Group Chief Executive Officer of the Nigeria National Petroleum Limited, NNPCL, Engr. Mele Kyari, told the green chamber committee that the “allegations against the acquisition of OVH are painful because they are not true.”
“We wondered if the so-called “coalition of 50 civil society organisations” knew that the acquisition of OVH Energy raised the firm’s profit to N18.4 billion in the first quarter (Q1) of 2023 against the N6.93 billion profit in 2021.”
According to the Group Chief Executive Officer of NNPC Limited, Mal Mele Kyari, NNPC Retail has been able to improve its profit and grow its market share since the acquisition in 2022.
“We recall that Mele Kyari had said the acquisition of OVH Energy Marketing Limited was done in compliance with the CAMA Act, which provides the process for mergers and acquisitions of equity.
“Last September, Kyari, while appearing before the House of Representatives ad hoc committee investigating the acquisition, said NNPC Ltd. now operates like a private limited liability company and entered into a commercial relationship with OVH to take over market shares in the downstream petroleum market.
The statement concluded, “We wish to enlighten the “coalition of 50 civil society organisations” that since Mal Mele Kyari took over as Group CEO of the NNPC Limited, the company has made very drastic changes to the way it does business, the major being to ensure that this company is transparent and accountable to Nigerian people, which processes kicked off in 2015.”
