By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: NNPC Disclaims Report On Alleged Inflated N3.3 Trillion Subsidy Claims
Share
Sign In
Notification Show More
Latest News
FAAN Deploys Contactless Payment Solution At Abuja Airport 
Aviation Business Civil Service Infrastructure Transportation Travel/Leisure
TETFund hosts national town-hall meeting to deepen public engagement
Civil Service Infrastructure News
FG revamps agricultural education to boost food security, jobs
Agriculture Business Economy News
Biennial festival: ASTPA’s call to rescue one another in time of need
Culture Metro News
ELAN urges lessors to register lease agreement with ELRA to boost economy 
Business Economy News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Oil & Gas > NNPC Disclaims Report On Alleged Inflated N3.3 Trillion Subsidy Claims
NewsOil & Gas

NNPC Disclaims Report On Alleged Inflated N3.3 Trillion Subsidy Claims

Publisher
By Publisher Published June 10, 2024
Share
2 Min Read
SHARE

The Nigerian National Petroleum Company Limited (NNPC Ltd) on Monday declared that claims that it inflated subsidy claims by N3.3trillion is not true but a ‘febrile imagination of the reporters and their respective media houses’.

The Nigerian national oil company in a statement signed by Oluferni Soneye, Chief Corporate Communications Officer, described the allegation as ridiculous, insisting that all previous subsidy claims by the Company are verifiable as relevant records and documents have been sent to relevant authorities and agencies.

“NNPC Limited notes with dismay a report in a section of the media alleging that it inflated subsidy claims by N3.3trillion, and wishes to state that:

“NNPC Ltd conducts its businesses accountably and transparently in keeping with international best practices and 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.

“NNPC Ltd will resist any attempt to drag the Company into the apparent politics of fuel subsidy as it currently operates on commercial basis and on the express provisions of the Petroleum Industry Act (PIA).

“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 calls on media practitioners and media houses to exercise restraint and verify information before publication in keeping with the ethics of the noble profession of journalism to avoid misleading the public.

Like this:

Like Loading...

Related

You Might Also Like

TETFund hosts national town-hall meeting to deepen public engagement

FG revamps agricultural education to boost food security, jobs

Biennial festival: ASTPA’s call to rescue one another in time of need

ELAN urges lessors to register lease agreement with ELRA to boost economy 

Dangote Pavilion Draws Huge Crowds at 20th Abuja International Trade Fair

TAGGED: NNPC Limited

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher June 10, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article NBTE introduces mandatory skills qualification in polytechnics
Next Article Trade modernization project ‘ll be game changer for Customs’ revenue processes
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

FAAN Deploys Contactless Payment Solution At Abuja Airport 
Aviation Business Civil Service Infrastructure Transportation Travel/Leisure October 6, 2025
TETFund hosts national town-hall meeting to deepen public engagement
Civil Service Infrastructure News October 6, 2025
FG revamps agricultural education to boost food security, jobs
Agriculture Business Economy News October 6, 2025
Biennial festival: ASTPA’s call to rescue one another in time of need
Culture Metro News October 5, 2025

You Might also Like

Civil ServiceInfrastructureNews

TETFund hosts national town-hall meeting to deepen public engagement

October 6, 2025
AgricultureBusinessEconomyNews

FG revamps agricultural education to boost food security, jobs

October 6, 2025
CultureMetroNews

Biennial festival: ASTPA’s call to rescue one another in time of need

October 5, 2025
BusinessEconomyNews

ELAN urges lessors to register lease agreement with ELRA to boost economy 

October 5, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d