Missing $20bn oil revenue: No presidential directive on kerosene subsidy –NNPC
The Nigerian National Petroleum Corporation has said it never received any presidential order to stop subsidy payment on kerosene during the late President Umaru Yar’Adua administration.
The acting Group General Manager, Public Affairs Division, NNPC, Dr. Omar Farouk Ibrahim, told Saturday PUNCH in Abuja on Thursday that the corporation should not be blamed for not implementing the directive on kerosene subsidy because the NNPC did not get any instruction to end subsidy payments on kerosene.
He said, “The point of contention is about kerosene subsidy. We do not doubt that there could be a directive. But what the NNPC is saying is that it is one thing for the President to give a directive, it is another thing for the directive to be communicated down to the various agencies of government.
“The communication line in matters like this is between the President and the minister. And the minister will direct subsidiaries or parastatals working under the ministry. So in a situation where a directive was given by the President to a minister, then for reasons that are best known to the minister or the ministry, that information was not communicated to the parastatals, then you can’t hold us responsible for not implementing the directive. As far as we are concerned, we have not received the directive.”
He argued that the NNPC was a structured organisation and would not take decisions based on “hearsay.”
Asked to comment on the allegedly missing $20bn, Ibrahim said the corporation would be able to reconcile its account before the end of the week. According to him, the NNPC would brief the Senate on its findings soon, stressing that “a large chunk of this amount is what we are reconciling now and we believe that by the end of the week, we should be able to give our report to the Senate.”