‘Layers of deceit’ – Atiku slams NNPCL over $6 billion debt admission

‘Layers of deceit’ – Atiku slams NNPCL over $6 billion debt admission

 Former Vice President, Atiku Abubakar has criticised the
Nigerian National Petroleum Company Limited (NNPCL) for its lack of
transparency following the company’s admission of a $6 billion debt to petrol
suppliers.

 

This admission made public on Sunday, September 1, has
explained the fuel scarcity that has plagued the nation for six weeks.

 

The Chief Communications Officer of NNPCL, Mr. Olufemi
Soneye, confirmed the debt, highlighting the severe financial strain it has
imposed on the company’s operations.

 

“NNPC Ltd has acknowledged recent reports regarding its
significant debt to petrol suppliers. This financial strain threatens the
sustainability of fuel supply,” Soneye stated.

 

He assured that NNPCL remained committed to its role as the
supplier of last resort, as outlined in the Petroleum Industry Act (PIA), and
is working with government agencies to ensure a consistent supply of petroleum
products nationwide.

 

Reacting to this development, Atiku expressed deep concern
over the situation through his media aide, Phrank Shaibu.

 

“What has become of these fictitious or phantom profits you
once proudly proclaimed? Layers of deceit and lack of transparency have brought
you to this unfortunate juncture,” Atiku said in a terse statement via X.

 

He further accused President Bola Tinubu’s administration of
driving the NNPC to ruin, describing the current actions as the “ruthless
dismantling of its assets.”

Source: ‘Layers of deceit’ – Atiku slams NNPCL over $6 billion debt admission

 - NigerianEye
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