NNPC Ltd Denies Allegations of Economic Sabotage

By Emmanuel Kwada

The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners.

Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly on Wednesday.

Credit: X

Kyari emphasized that the refining business is straightforward, requiring a secure source of feedstock and a market. He stated that NNPC Limited has done nothing to sabotage domestic refineries, as the law clearly outlines domestic crude oil supply obligations and provides for local refineries.

“Refining business is a straightforward business. You must secure (a source for) your feedstock and you must find a market. This is basic and this determines what happens in any refinery anywhere in the world. That is the business of refining. We have done nothing to sabotage any domestic refinery,” Kyari said.

Regarding the alleged importation of sub-standard products, Kyari said NNPC Limited has no involvement, as regulatory agencies would not allow such products into the country.

The GCEO supported calls for live broadcasts of the Committee’s interactive sessions to prevent misinformation and highlighted the challenges facing the sector, including crude oil theft, pipeline vandalism, and lack of investment in the upstream.

We are faithful, loyal and committed to the progress and development of this country.

Kyari assured the Committee of NNPC Limited’s loyalty and commitment to Nigeria, pledging full cooperation in the investigation and reaffirming the company’s adherence to relevant laws and regulations.

“We are faithful, loyal and committed to the progress and development of this country. It is our duty to protect the overall interest of this great nation. We are not in breach of any rules,” he said.

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