14 March 2017, Lagos – The Nigerian National Petroleum Corporation, NNPC, says it did not apend $9m on staff transfer of the National Petroleum Investment and Management Services, one of its subsidiary companies.
The NNPC said in a statement on Tuesday by its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, that the corporation did not commit $2m on vehicles maintenance.
“The $9m was reported to have been spent on staff transfers alone during a submission on NAPIMS’ 2016 budget performance to Senate Committee on Petroleum (Upstream).
“The amount actually consists of appropriated items on pension fund, retirement benefit and staff transfers/redeployment.
“Similarly, the $2m purportedly spent on vehicles maintenance, comprised budget items which included light vehicles maintenance (3rd parties and in-house); light motor vehicle for operation – fueling and heavy motor vehicle maintenance (3rd parties and in-house),’’ Ughamadu said in the statement.
Ughamadu also clarified that it was erroneous to say that Mrs Catherine Iheme, NAPIMS’s General Manager, Joint Venture Oil Operations, made the presentation to the Senate when she was absent at the hearing.
“For the avoidance of doubt, NAPIMS, as a corporate services unit of NNPC, maintains the corporation’s core values of integrity, transparency and accountability.
“Its activities are directed at adding value to the hydrocarbon resources of the country for the benefit of all Nigerians and other stakeholders in the Industry,’’ Ughamadu said.