NNPC Management: Alliance Lambasts PDP Governors Forum

By Publisher
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The Integrity Youth Alliance has lambasted the PDP Governors Forum over its comments condemning the NNPC’s management under Buhari.

According to a press release on Wednesday by the National Coordinator of the Alliance, Kelvin Adegbenga, he said that the PDP Governors should rather praise the Mele Kyari led management for its transparency and accountability as the corporation has sustained its publications of Monthly Financial and Operations Reports and Audited Financial Statements on its website and through the media for all Nigerians to see.

“Under the PDP Administration, it will be recalled that KPMG report says NNPC is a house of corruption. The KPMG exposed the massive financial malfeasance and monumental corruption in the NNPC of which the PDP Administration worked hard to conceal for years.

“The agency, the report says, has also severely defrauded our country in subsidy claims. Auditors found that between 2007 and 2009 alone, the NNPC over-deducted funds in subsidy claims to the tune of N28.5bn. It has not been able to account for the sum ever since, the statement said.

The statement read further, “As far as the KPMG 41-page report is concerned, the NNPC was a cesspool of monumental corruption and fraud. The report detailed the corporation’s sharp business practices, violation of laid down rules and regulations, illegal deductions of funds belonging to the state, and failure to account for several billions of Naira that should go to the federation account under the PDP Administration.

“It will be recalled that the Senate last week commended the NNPC Anti-Corruption efforts and drive towards profitability; such commendation never came under the PDP Administration, rather, on Thursday December 1, 2011 the then Minister of Finance, Ngozi Okonjo-Iweala, cringed when the senate joint committee investigating the management of funds set aside for petroleum subsidy handed her a seven-day ultimatum to produce a secret forensic report on the Nigerian National Petroleum Corporation in her custody.

“As part of sustaining the transparency and accountability of the NNPC financial record, the Corporation has released the February 2021 NNPC Monthly Financial and Operations Report, which is the 67th in the series to the general public.

“We call on Nigerians to ignore the baseless allegations of the PDP Governors Forum, not forgetting that the same PDP Administration couldn’t provide the financial audit of the NNPC since 1999, as we are witnessing today under the Buhari’s administration, the statement concluded.

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