13 September 2017, Sweetrude, Abuja – The Nigerian National Petroleum Corporation, NNPC, has joined the Association of Certified Fraud Examiners, CFE, as part of measures to stamp out corruption from its system.
Receiving a delegation of the Association of Certified Fraud Examiners, Abuja Chapter, led by its President, Mr. Ishili Emmanuel NNPC Group Managing Director, Dr. Maikanti Baru, said NNPC will equip 50 per cent of its work force with requisite knowledge on how to identify and examine fraud.
The GMD said training staff on fraud examination would ensure that NNPC was not involved in the five per cent annual global revenue loss to fraud.
“We will seize the opportunity offered by the CFE to train at least 50 percent of our staff on fraud examination. We do know that there are a lot of advantages in getting as many staff as possible trained in fraud examination”, Dr. Baru said.
He explained that as the major foreign exchange earner for the country, NNPC was very conscious of issues of corruption in all its ramifications and had gone beyond looking at corruption in terms of money alone.
“NNPC under my leadership, has instituted what we call Governance, Risk and Compliance Division (GRC) which is very much in line with the mission of CFE. The Division is not only looking at corruption in terms of naira and kobo but also at the system itself. The new Division will ensure that fraud did not manifest in our system and if does, it would be quickly nipped in the bud,” he said.
He stated that corruption was a major waster of human resources as staff found culpable were usually prosecuted and sacked, adding that it was better to train them on fraud and safeguard them.
Baru directed the GRC Division to immediately commence the process of registering NNPC as a corporate member of the CFE, urging the body to avail the corporation of all the opportunities therein in its fight against corruption.
Speaking earlier, the President of CFE, Abuja Chapter, Mr Ishili Emmanuel, stated that the NNPC as the apex oil and gas company in the country ought to have a robust human asset capability to deal with many of the unique socio-economic development challenges within the oil and gas industry.
