By Miracle Ogunde
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, has declared that NNPCL remains the only company in Nigeria that publishes 100 per cent of its accounts on a yearly basis.
This was as he said on Wednesday in Abuja that the company remitted N10 trillion to the federation account as of September 2024.
He, however, said that the company wants a forensic audit to be conducted on the money spent by it for the stabilisation of petrol prices from January to September 2024 and the uninterrupted supply of the product, according to Daily Post.
Speaking during the presentation of the revenue generation performance of NNPCL in 2024 and projections for 2025 to the National Assembly Joint Committee on Finance, Kyari, added that the company is the highest taxpayer, highest payer of royalties, and dividends in the country.
“Until 1st October 2024, NNPCL, as mandated by the Petroleum Industry Act, PIA, acted as the supplier of last resort on fuel supply, which requires a forensic audit to know how much NNPCL is being owed or owing any agency.
“Our transactional account is very transparent, which is published on a yearly basis, making NNPCL the only company in Nigeria noted for that, and also the highest taxpayer in the country as well as the highest payer of royalties and dividends to shareholders as a commercial national oil company,” he said.
The NNPCL Group Chief Executive, however, told the joint committee that the revenue projection for 2025 would be made after the meeting of the board of directors of the company in two weeks’ time.
He said the parameters for the 2025 budget are realistic and achievable.
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