Business

NNPC to publish periodic financial reports

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Kachikwu, has said that there would be periodic publications of the Corporation’s financial transaction insisting that transparency must be the watchword of every staff in the new NNPC.

Dr. Kachikwu stated this at his maiden Town Hall meeting with the staff of the Corporation at the NNPC Towers, Abuja.

His words: “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,” he said.

He charged the staff to break away from the old culture and bring creative solutions to the numerous challenges facing the NNPC and said with the kind of change he has in mind workers cannot afford to continue with business as usual.

According to him, the culture of transparency should begin by establishing the current financial status of the Corporation and auditors would be signed up “to do a proper forensic audit to tell us where we are.”

Speaking on behalf of members of the Petroleum and Natural Gas Senior Staff Association, PENGASSAN Comrade Francis Johnson pledged the readiness of NNPC staff with the GMD to achieve the Federal Government’s reform agenda for the Corporation and the oil and gas industry at large.

Echoing the position of the PENGASSAN President, Comrade Igwe Achese, President of the National Union of Petroleum and Natural Gas Workers, NUPENG, said that as a group, the union has implicit confidence in the ability of the new GMD to deliver on President Buhari’s reform agenda in the oil and gas industry.

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