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Home Business

NNPC denies exporting 17.887m barrels of crude without proper documentation 

Our Reporters by Our Reporters
January 6, 2023
in Business
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The Nigerian National Petroleum Company Limited (NNPCL) has denied exporting 17.877 million barrels of crude oil between 2016 and 2020 without proper documentation.

Garba Deen Muhammad, Chief Corporate Communications Officer, NNPCL, stated this in a statement on Thursday.

Muhammad described the said unlawful importation which reportedly took place before the NNPC became a private venture, as “malicious”  and urged the public to disregard it.

He clarified: ”The Auditor General’s report in reference did mention 32 oil marketing companies involved in the non-completion of the NXP forms; but that does not in any way mean that the proceeds from the sale of the said crude were not repatriated into the coffers of NNPC and consequently into Federation Accounts for Federation related barrels.

“It should also be noted that NNPC does not appoint Inspection Agents as alleged, but rather, it is the sole responsibility of the Federal Ministry of Finance.

“Therefore, the general public is advised to disregard the said malicious publication, and instead visit the relevant Auditor General’s website to see the full content of the audit report, and be guided accordingly.”

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