NNPC To Publish Financial Status Monthly- Kachikwu


The General Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Ibe Kachikwu, on Tuesday said that the corporation would subsequently publish all its financial records on a monthly basis, starting from next month.

He said this was in consonance with the new era of transparency and accountability which the recent change in leadership at the corporation was initiating.

Kachikwu, who made this promise via a press statement issued on his behalf by the Group General Manager, Group Public Affairs Division of the corporation, Ohi Alegbe, said the corporation would from next month operate an open accounting system that would allow the public scrutinse all its books.

He said in addition to this, periodic publications detailing the financial transactions embarked upon by the corporation would be published.

He noted that the changed NNPC he envisaged would be one that is transparent and meets the yearnings and aspirations of the present government and majority of Nigerians.

He called on the staff of the corporation to eschew corrupt acts, which he noted had marred its image in the past.



    He also urged the staff to disobey any directive from him which is not in tandem with the new surge of anti-corruption campaign sweeping across the nation.

    “I want transparency. Beginning from next month, I want to be able to publish what the corporation makes. I have told the President that as from next week, I will be sending him weekly reports. You are the ones who have been around and who understand the system and so you are the ones who should drive the change,” he said.

    The GMD also said the change he would be initiating in the next few weeks would centre on three key areas which he listed as people, processes, and profit.

    He, however, said he could only succeed if the staff and, indeed, Nigerians assisted him in ensuring the success of the government- led reform agenda for the corporation and the nation’s oil and gas industry.

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