Energy Briefs
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THE Africa Network for Environment and Economic Justice, ANEEJ, has asked the federal government to stop direct crude oil allocation to the Nigerian National Petroleum Corporation, NNPC, to reduce corruption in the corporation.
David Ugolor, executive director, ANEEJ, in a statement said that a report by the Natural Resource Governance Institute shows that the NNPC sells 639,983 barrels per day to unidentifiable companies in a Joint Venture equity oil arrangement that smacks of mismanagement and lack of accountability. Formed nearly 38 years ago, the NNPC has been mired in allegations of corruption, mismanagement and lack of transparency in its financial obligations to the Nigerian state. “If indeed the NNPC must begin to do things differently, a minister of petroleum can no longer sit on the board of the NNPC as chairman,” he said.
The group observed that dwindling fortunes of Nigeria and the mismanagement of oil proceeds underscored the importance of reorganising the NNPC for optimum efficiency. ANEEJ also welcomed the appointment of Emmanuel Kachikwu, as the new group managing director of the NNPC, saying that the alleged plan to split the NNPC in two may introduce the much-needed reform that the oil and gas industry in Nigeria truly needs. “We also task the new NNPC GMD with developing a clear revenue collection framework and introducing the selling of crude to end users rather than to governments and briefcase companies,” Ugolor said.
— Aug 31, 2015 @ 01:00 GMT
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