The Nigerian National Petroleum Company Limited (NNPCL) has announced that it remains the only company in Nigeria to publish 100% of its financial accounts annually.
This was disclosed by the Group Chief Executive Officer (GCEO), Malam Mele Kyari, during the presentation of NNPCL’s 2024 revenue performance and 2025 projections to the National Assembly’s Joint Committee on Finance.
According to Kyari, the company has remitted a total of ₦10 trillion to the Federation Account as of September 2024.
Kyari emphasized that NNPCL is the highest tax contributor in Nigeria, as well as the leading payer of royalties and dividends.
However, he called for a forensic audit of the company’s expenditure on stabilizing petrol prices and ensuring uninterrupted supply between January and September 2024.
“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel. A forensic audit is essential to determine how much NNPCL is owed or owes any agency,” Kyari explained.
He reaffirmed NNPCL’s commitment to transparency and accountability in its operations, particularly in light of its strategic role in Nigeria’s energy sector.
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