The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari says the corporation has no secret accounts that breaches the Treasury Single Account (TSA) .
Kyari disclosed this when he received the chairperson and members of the special Presidential Investigative Panel for the Recovery of Public Property in Abuja.
The spokesman for the corporation, Ndu Ughamadu said that the NNPC had nothing to hide as it stood to gain a lot by being transparent in all areas of its operation.
He added that NNPC had no secret account, saying “there is no single account NNPC is operating that is unknown to the Federal Government.
”Any account(s) outside the TSA platform are partner accounts which we have obtained due approvals from the government,’’ he noted.
Kyari, observed that all monies belonging to the corporation were domiciled with the Central Bank of Nigeria (CBN), added that the Corporation’s account managers remained the CBN and the Accountant-General of the Federation.
However, GMD also responded on allegation regarding non-remittances by some oil companies operating in the country, saying it was the responsibility of the Federal Inland Revenue Service (FIRS) and DPR to collect taxes and royalties from oil companies, including those on Joint Venture (JV) and Production Sharing Contract (PSC) arrangement.
He further noted that the NNPC would provide the necessary support to the agencies concerned in that regard though it had no legal obligation to do so.
“As an enabler organisation, we will support them because we see our roles beyond our immediate responsibility,” he said.
While affirming the Corporation’s commitment to transparency and accountability, Kyari said the Corporation was one of the most accountable public institutions in the country,
“This is the only company that publishes its operations and financial reports monthly. I am not aware of any company that does that in the world.
(NAN)
