The Integrity Youth Alliance on Saturday threw its weight behind the new Nigerian National Petroleum Company Limited and berated the Conference of Nigeria Political Parties (CNPP) for saying the unveiling of the NNPC Limited amounts to “rebranding and reinforcing corruption.”
The Board Chairman of the group, Adewole Kehinde, gave support in a statement released in Abuja.
The statement was titled, “Why Conference of Nigeria Political Parties (CNPP) Nescience Should Be Ignored.”
Adewole acknowledged that though the Nigerian National Petroleum Corporation has been riddled with corruption, the appointment of Mal Mele Kyari changed the fortunes of the corporation with the introduction of the Transparency, Accountability, and Performance Excellence (TAPE) agenda that brought about greater transparency and accountability in NNPC’s management of Nigerian oil and gas revenues to date.
He, therefore, condemned the Conference of Nigeria Political Parties (CNPP) for saying the unveiling of the NNPC Limited amounts to “rebranding and reinforcing corruption.”
He said: “It is unfair and unjust for the CNPP to say that the management of NNPC has been engaged in the backdoor crude swap as part of the subsidy scam in the corporation over the years.”
“It is recorded that it was Mal Mele Kyari that brought about the openness of the NNPC with the Monthly Financial and Operations Report and Audited Financial Statements from 2018 to date.
“The CNPP should be reminded that the company will act within the premises of all the regulations that are accountable for private companies.”
“The new NNPC is in a transition phase. Mal Mele Kyari will get it to a place where the ownership will dilute and the company will get the value; get more investors; get it listed on the stock exchanges locally and domestically,” he said.
Adegbenga noted that with the unveiling of Nigerian National Petroleum Company Limited, we now have a smarter, more responsive, and more accountable company under the efficient Group Chief Executive Officer, Mal Mele Kyari.
Recall that Kyari has said NNPC Limited’s value would translate into two forms: ensuring dividends and delivering energy longed for by shareholders.
According to him, the new company is in a position to achieve both mandates because it is now an enabling company that can act quickly.
He said by the middle of 2023, the company would have systems, processes, a line of profitability, and accountability to stakeholders.
