Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has firmly refuted allegations that it inflated subsidy claims by N3.3 trillion. In a recent press release, seen by Abuja Network News, NNPC Ltd. expressed dismay over what it described as baseless and misleading reports in certain media outlets.
NNPC Ltd. emphasized its commitment to conducting business transparently and in accordance with international best practices. The company assured that all its subsidy claims are verifiable and have been duly documented and submitted to the relevant authorities.
The company stated unequivocally that it is unaware of any audit or probe into its subsidy claims, labeling such allegations as products of the reporters' imaginations. NNPC Ltd. also highlighted its independence from the politics surrounding fuel subsidies, operating strictly under the provisions of the Petroleum Industry Act (PIA).
In alignment with its mantra of Transparency, Accountability & Performance Excellence (TAPE), NNPC Ltd. has proactively engaged external auditors to review its financial records on multiple occasions.
The company called on media practitioners to adhere to journalistic ethics by verifying information before publication to prevent public misinformation.
Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd., reiterated the company's stance, urging for restraint and responsibility in media reporting.
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