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Media Report Of Inflated N3.3 Trillion Oil Subsidy Claims Is False – NNPC Limited

 Femi Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd) has described as false, report in some sections of the media alleging that it inflated subsidy claims by N3.3trillion.
A statement today, June 10, by the Chief Corporate Communications Officer of NNPC Ltd, Olufemi O. Soneye said that the company has been conducting its businesses accountably and transparently in keeping with international best practices.
The statement said that the company has, at no time, inflated its subsidy claims with the Federal Government.
“All previous subsidy claims by the Company are verifiable as relevant records and documents have been sent to relevant authorities and agencies.
“NNPC Ltd is neither aware of any audit of its subsidy claims nor probe ensuing therefrom and wishes to state categorically that both ridiculous claims are products of the febrile imagination of the reporters and their respective media houses.
“It is on record that in line with its Transparency, Accountability & Performance Excellence (TAPE) mantra, NNPC Ltd. has, on several occasions, independently invited external auditors to review its books.”
NNPC Ltd made it clear that it would resist any attempt to drag it into the politics of fuel subsidy, saying that it is currently operating on commercial basis, and on the express provisions of the Petroleum Industry Act (PIA).
The company advised media practitioners and media houses to exercise restraint and verify information before publication in keeping with the ethics of the profession of journalism to avoid misleading the public.

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