National Assembly Unfair To Us Over $3bn Diversion, NNPC Lament
Nigeria was late last 2018 hit with fuel scarcity. Image: Guardian

The Nigerian National Petroleum Corporation (NNPC) is claiming that the National Assembly is not fair to them over an alleged $3.5bn petrol subsidy fund.

Concise News had reported that the National Assembly said the firm violated due process in the usage of the fund.

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However, the Group Managing Director of the NNPC, Maikanti Baru, described the lawmakers’ position as unfair.

Baru said this on Thursday in Abuja on the sidelines of the 2018/2019 bid opening for NNPC insurance contractors at the headquarters of the corporation

“At the time that we had no fuel, the National Assembly was on our neck and they said they gave us two weeks to clear fuel queues,” Baru said.

“We did what was right, cleared the fuel queues. Now that they are in the comfort of driving and feeling comfortable, they now say that we violated processes in the process of removing the fuel queues.

“I think it’s quite unfair because the way that people perceive the NNPC requires that they should give us the benefit of doubt and ask us what the issue is and we are always ready to explain. We are very transparent and do our work with integrity and accountability.”

The Senate started an investigation into the alleged diversion of $1.05bn from the Nigerian Liquefied Natural Gas (NLNG) dividend account by the NNPC.

In addition, Baru said “Being the CEO of NNPC, I’ve learnt that a lot of people don’t know what the corporation is.

“So I give them the benefit of doubt and I am very patient to explain to people what the NNPC is and how NNPC is working.

“In terms of transparency and accountability, I can guarantee you that there is no other government agency that is more open than us.

“We are the first government agency, and I think the only one, that is still publishing its accounts on a monthly basis and unfailingly.”