The former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Ajiya, has defended the company against allegations of corruption.
Ajiya spoke during a Senate Public Accounts Committee hearing investigating claims of financial mismanagement in the company.
His comments came after Senator Adams Oshiomhole, who represents Edo North Senatorial District, described NNPCL as a “house of thieves” while raising concerns over some of the company’s expenditures.
Responding to the allegations, Ajiya said NNPCL and its workers are not thieves. He clarified that N2.9 billion was spent on the incorporation and rebranding of the company, contrary to claims that N5.8 billion was used for the registration process.
According to him, the figures being circulated have been misunderstood, stressing that all financial records were properly documented and accounted for.
“We are not thieves. N2.9 billion was used for the registration and rebranding exercise, not N5.8 billion as alleged,”
This post was originally published on this site.
