The Nigerian National Petroleum Corporation, NNPC, has described a
publication by an online medium, alleging that the Chief of Staff to President
Buhari, Abba Kyari, directed the corporation to keep N50 billion away from the
Treasury Single Account, TSA.
In a statement by the NNPC’s
Public Affairs Division General Manager, Ndu Ughamadu, and made available to
reporters in Abuja on Friday, the corporation said that at no time did the NNPC
Group Managing Director, Dr. Maikanti Baru, make such a statement.
NNPC in the statement explained
why it has kept N50 billion away from the TSA and Abba Kyari’s involvement.
“The Nigerian National
Petroleum Corporation (NNPC) has disclaimed the allegation that its Group
Managing Director, Dr. Maikanti Baru, had ever stated in any fora that the
Chief of Staff to the President, Mallam Abba Kyari, ‘directed the Corporation
to keep the sum of N50billion away from the Treasury Single Account (TSA).’
“NNPC wishes to state that the
allegation is baseless, and is a clear misrepresentation of the truth.
“An online publication made the
allegation recently.
“By virtue of the operations of
the NNPC, the Corporation had made series of compelling cases to the Presidency
and the Central Bank of Nigeria to allow certain categories of accounts operate
outside the TSA, as they contain co-mingled funds governed by detailed
agreements with local and international implications.
“NNPC equally wishes to state
that while these necessary approvals sought by the NNPC were graciously given
by the Presidency, the Chief of Staff merely conveyed the notice of these
approvals to the Corporation.
“In the same vein, members of
the relevant committee of the National Assembly have requested for copies of
such approvals, which were duly provided by the Corporation.
“To claim that the Chief of
Staff single-handedly approved these exemptions was not only unfair, but is a
complete misrepresentation of facts to mislead the general public.”
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