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Missing N20 billion: NNPCL debunk reports

Last updated: April 4, 2023 10:44 am
2 years ago BY MWUESE IGONOR
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1 Min Read
NNPCL

The Nigeria National Petroleum company limited, NNPCL has denied reports alleging that the sum of N20 billion is missing from its coffers

Reports making the rounds have it that NNPCL had made a payment to the tune of N20 billion to a ghost consultant, a claim the company has since dismissed as untrue, saying it does not deal with ghost consultants.

A statement by the company’s Chief Corporate Communications Officer, Garba Deen Muhammad notes that a report relating to Ogun State Government claiming a back duty tax liability of about N18bn, against an NNPCL subsidiary, the Petroleum Products Marketing Company (PPMC) Limited was not factually presented.

READ MORE: Nigerians React As NNPCL Calls For Fuel Subsidy Removal

” PPMC had objected and challenged Ogun state claim through its Tax Consultant. Consequently, the Ogun State Government took the matter to court which is not unusual in business circles”, Muhammad said in the Statement

He added that NNPCL intends to approach the court to prove its case.

(EDITOR: TIENABESO BIBIYE)

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