NNPC send strong reply to Atiku over claim of hijack by corporate cabals around Tinubu

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements

The Nigerian National Petroleum Corporation Limited (NNPCL) has debunked former Vice President Atiku Abubakar's claim that it has been hijacked by “corporate cabals” around President Bola Ahmed Tinubu.

NNPC described Atiku's claim as false

Atiku had in a statement signed by his media aide, Paul Ibe, on Wednesday, claimed that President Bola Tinubu will wreck Nigeria.

The chieftain of the Peoples Democratic Party (PDP) alleged a criminal hijack of the Nigerian National Petroleum Company (NNPC) by "corporate cabals" around President Tinubu.

Reacting, in a statement signed by Chief Corporate Communications Officer, Olufemi Soneye, in Abuja on Thursday, August 22, the NNPC described Atiku’s claim as a false alarm.

According to the state-owned oil firm, neither Wale Tinubu nor the president has any interest in the OVH acquisition.

Maintaining that it is a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation, the NNPC explained that investment decisions by its management are strictly determined on the basis of commercial viability and national interest, Channels TV reported.

The statement reads:

“The attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar.“In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”.“He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd as a compensation for the alleged acquisition of NNPC Retail Ltd by OVH in which he claimed Mr Wale Tinubu held 49% stake.“NNPC Ltd wishes to set the records straight with the following facts: We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation.“Investment decisions by NNPC Ltd Management are strictly determined on the basis of commercial viability and national interest."

React NNPCL full statement here:

Source: Legit.ng