The Street Reporters Newspaper

…Breaking News with Integrity!

Adsense

Breaking News Business National News News Politics

I’ll Publish NNPC Financial Transactions, Says New GMD

Spread the love

The Nigeria’s Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Ibe Kachiukwu, has reportedly told his colleague that he was set to publish the national oil corporation’s financial transactions from September this year.

The details of the modalities being put in place for the periodic publication of the financial transactions within the corporation is yet to be made public at the time of this report.

ALSO READ  Obasanjo Sounds Alarm Over Nigeria's Corruption Level, Says Above N700bn in Cash Bribes Paid to Officials in 2023

However, speaking at his maiden town hall meeting with employees of the corporation at the NNPC Towers in Abuja on Wednesday, Kachiukwu said, “I want transparency. Beginning from next month, I want to be able to publish what the company makes. I have told the President that as from next week I will be sending him weekly reports.

This will be the first time the financial transactions of the corporation would be made public by any GMD.

ALSO READ  CNPP Backs House of Reps, Urges Reversal of Hikes in Petrol, Cooking Gas Prices, End to Planned VAT Increment

On the heels of the widespread allegation of missing millions of dollars at the NNPC, the former President, Dr. Goodluck Jonathan, administration had ordered a forensic audit of the corporation, with the NNPC indicted as some unremitted revenues were discovered.

This post has already been read at least272 times!

The Street Reporters Newspaper is reliable latest news portal and publishes opinions, business news, politics, and sports news from Nigeria and the world. Tel: +2348175047979

Discover more from The Street Reporters Newspaper

Subscribe now to keep reading and get access to the full archive.

Continue reading