Monday, December 15, 2014

NNPC denies operating 2 accounts

The management of the Nigerian National Pe­troleum Corporation (NNPC) has objected to the allegation of fraud levelled against it by former Head of State and presidential candi­date of the All Progressives Congress (APC), General Muhammadu Buhari (rtd), describing it as
“political mischief”.
A statement by its Group General Manager, Group Pub­lic Affairs, Mr. Ohi Alegbe, stated that coming from a former Minister of Petroleum under whose watch a similar allegation of fraud was made, Buhari’s statement smacks of political mischief as he should know better than to peddle gos­sip as facts.
“It is sad that General Bu­hari, one of the founding fathers of the NNPC, who himself has tasted of the virulent but false allegations deliberately con­cocted to cast the corporation and the public sector manage­ment of the nation’s oil and gas industry in bad light, would be the one to allege that NNPC runs two sets of account books, “one for public consumption and another for insiders.”
“We consider General Bu­hari’s allegation in bad taste as it is nothing but a deliberate political mischief calculated to cast the corporation in oppro­brium all in a bid to shore up his political capital.
“We find it difficult to un­derstand how a former Head of State who has also served as Minister of Petroleum Re­sources could believe that NNPC keeps two sets of ac­count books to perpetrate fraud, knowing that NNPC is the most audited and scruti­nised agency in the country.
“In the past one year alone, the corporation has had its books scrutinised and audited by the Senate Committee on Finance and an external audi­tor, PriceWaterhouseCooper (PWC). Is it possible for the accounting discrepancies in­sinuated by General Buhari to escape the attention of such internationally acclaimed au­ditors? And in any case, why would an alleged fraudulent corporation keep two sets of accounting books knowing that such could be used as evidence against it?
“We hereby state emphati­cally that NNPC neither keeps two sets of account books nor is aware of the existence of such as the corporation is run in line with international best practice.
“If General Buhari believes that such false information that are usually the subject of gos­sip was true, would he want the Nigerian public to believe that the allegation of missing $2.8 billion oil money against the NNPC under his watch as Minister of Petroleum was true?”
The corporation called on members of the public to dis­countenance the allegation as there is no iota of truth in it.

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