The financial transactions of the Nigerian National Petroleum Corporation (NNPC) will be published periodically to ensure transparency beginning from next month, Dr. Ibe Kachikwu, Group Managing Director of NNPC, has said.
According to Kachikwu, the move was part of his resolve to usher in a new dawn of transparency in the national oil firm, stressing that transparency must be the watchword of every staff in the new NNPC.
Kachikwu said at his maiden town hall meeting with employees of the corporation at the NNPC Towers in Abuja on Tuesday that the new NNPC will be a corporation anchored on the foundation of clearness.
Mr. Ohi Alegbe, Group General Manager, Group Public Affairs Division confirmed the chief executive’s statement in a telephone interview and also in an electronic mail.
“I want transparency. Beginning from next month, I want to be able to publish what the company makes. I have told the President that as from next week, I will be sending him weekly reports,” the new GMD told employees of the national oil firm.
If implemented, this will be a departure from what used to exist at the national oil firm. It will be the first time in ages that NNPC will be publishing its financial transactions for the public to scrutinise.