The Nigeria National Corporation Limited (NNPCL) has reaffirmed its commitment to transparency and corporate governance amidst the alleged payment of N20 billion to “ghost consultants.” In a statement issued by the Chief Corporate Communications Officer, NNPCL, Garba Deen Muhammad, the company denied the allegation and expressed support for the House of Representatives’ resolution to investigate the matter.
The NNPC Ltd has established a culture of transparency under the current Board and Management, including the annual publication of its Audited Financial Statements (AFS). Muhammad stated that the company welcomes the investigation and is confident that it will vindicate the company if the alleged claim is false.
The statement emphasized that the company operates in accordance with the country’s laws and regulations and is committed to the highest standards of corporate governance. It urged the public to disregard any unfounded claims and trust in the company’s operations.
The controversy surrounding the alleged payment of N20 billion to ghost consultants prompted the House of Representatives to call for an investigation, alleging that the payment was made without due process. The NNPC Ltd had previously denied the allegation, stating that it had not paid any such sum to consultants.
The company has reiterated its commitment to transparency and accountability in all its operations, urging all stakeholders to support its efforts to maintain the highest standards of corporate governance. It has assured the public that it will continue to operate in compliance with all applicable laws and regulations.
The NNPC Ltd expressed appreciation for the House of Representatives’ resolution to investigate the matter, stating that it is confident that the investigation will put an end to all speculations concerning the issue. The company has also called on the public to disregard any unfounded claims and assured them of its commitment to the highest standards of corporate governance.
