NNPCL denies claims of missing N20 billion, stating that it follows global best practices in financial reporting. TIMES Reports.

NNPCL clarifies that the alleged missing funds as earlier reported by medias are actually unaudited losses due to pipeline vandalism and crude oil theft.

The corporation also highlights its adherence to global best practices in financial reporting . NNPCL also denied accusations of engaging in theft and paying non-existent consultants.

The company in a statement emphasized that it operates as a responsible corporate organization and does not deal with ghost workers.

Consequently, the Ogun State Government took the matter to court which is not unusual in business circles, The matter is currently before the court and NNPC Ltd will prove its case accordingly.””

The sales recorded a 46.41% increase compared to N14.41 trillion in 2021.

Source: https://times.com.ng/27553-255/

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Unaudited loses due to pipeline vandalism and crude oil theft....worthy to note that the FG is the biggest crude oil theif.