The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has appealed to the Director-General of the Department of State Services (DSS), Yusuf Bichi, to support in recovering long indebtedness against the corporation.
Concise News learned that Kyari also complained of cases of huge loss of revenue from product stealing, purposeful damage to product pipelines and cross border smuggling of petroleum products.
The GMD also noted that the challenges facing the NNPC were being perpetrated by individuals and corporate bodies who designed business agreements relating to product allocation.
Kyari added that the unwholesome practices impact negatively on the corporation’s revenue target for the country.
This news platform reports that Kyari disclosed this during a courtesy visit to Bichi to deepen existing inter-agency relations between the two organisations.
A statement from the NNPC says that “During the visit, the GMD stated that the Corporation has, in recent times, faced some challenges of National Security significance.
“He identified these to include the loss of revenue from product stealing, deliberate damage to product pipelines, cross border smuggling of petroleum products and long indebtedness to the Corporation by persons and corporate bodies that have reneged on business agreements relating to product allocation.
“Mr Kyari lamented the impact of these on revenue generation of the country. He expressed concern that dwindling revenues affect Government’s ability to realise its objectives.
“Consequently, he sought the assistance of the Service in containing the threats as well as recovering the debts in line with its mandate of protecting the nation against economic sabotage.”
It added that “The GMD identified the Service as a strategic stakeholder in Nigeria’s National Security management and enjoined it to continue to protect NNPC’s critical assets for the good of the nation.
“Underscoring the significance of the DSS in the National Security architecture of the country, he requested the support of the Service in the Corporation’s frontier exploration efforts in parts of the country.”