September 25, 2022

The Conference Of Nigeria Political Parties Lacks The Integrity To Question NNPC Limited-Group

2 min read

The Integrity Youth Alliance has said that the Conference of Nigeria Political Parties lacks the impetus to say that the “NNPC, for over ten months, has been unable to meet OPEC production quota due to gross inefficiency and corruption…..”

According to a press release signed by the Board Chairman of the Group, Comrade Adewole Kehinde, he said that it is unfortunate that the Conference of Nigeria Political Parties, which is supposed to face its objective of contesting elections and gaining the power to run the government, is busy spreading false information about the NNPC Limited.

“We wish to remind the CNPP that the NNPC Limited, under the management of the Group Chief Executive Officer, Mal Mele Kyari, since assumption of office, has put an end to corruption in the NNPC Limited management through the following, among others:

  • The Transparency, Accountability, and Performance Excellence (TAPE) agenda has brought about greater transparency and accountability in NNPC’s management of Nigerian oil and gas revenues to date.
  • It is on record that the NNPC Limited just released its Monthly Financial and Operations Report (MFOR) for October 2021, the 75th in the series since the company started publishing the report in 2015.
  • The Nigerian National Petroleum Company (NNPC) Limited posted an N287 billion profit after tax (PAT) for the year ended December 31, 2020.

Adewole added, “There is no doubt that pipeline vandalism has contributed to the nation’s under-performance of crude oil production of 1.8 million barrels per day (bpd) as set by Oil Producing Exporting Countries (OPEC).

“Lack of investment in the oil and gas sector contributed to Nigeria’s inability to meet OPEC quota. Nigeria was not able to get the needed investments to develop the sector, and that affected us,” he added.

The group urged CNPP to stop using NNPC Limited to seek relevance and concentrate on the success of the 2023 General Election as corruption died in NNPC in 2019 when Kyari came on board.

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