The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari, has narrated how the Corporation has been championing the fight against corruption in the Oil and Gas Industry.
Speaking at the Senate public hearing yesterday, June 10, Mele said that the Corporation had since partnered with Extractive Industries Transparency Initiative (EITI) to curb incidences of corruption across its various business portfolios.
He said that the Corporation, as part of its commitment to the war against corruption, has set up processes and structures that are irreversible which would ensure transparency and accountability.
“We have created an anti-corruption desk in NNPC that engages the Economic and Financial Crimes Commission (EFCC) and other anti-corruption agencies on a regular basis. The desk ensures that in all our operations, every staff complies to the code of conduct procedures with consequence management. We have established regulatory compliant governance charter and transparency policy, this is a mark of our compliance to the anti-corruption strategy.”
The NNPC helmsman said that the Corporation has automated its business operations thereby reducing opportunity for discretion to the barest minimum as part of measures to promote institutional framework for entrenching the culture of transparency in its operations.
The GMD said that the Corporation, on its own, has reported several incidences of infractions such as products diversion and crude oil theft to the police, the EFCC and other investigating agencies of the Federal Government to stem corruption within the Oil and Gas Industry.
“For the first time in 43 years, NNPC, as a part of the evolving culture of transparency and accountability, published its Audited Financial Statements for 2018 and 2019. We are going to publish that of the 2020. The AFS is the only document that tells how a company does its transaction. We are happy that by the time the 2020 AFS will be published, Nigerians will see the dividends of our accountability. Mr. Chairman, no National Oil Company does what we are doing today.”
He said the Corporation, in collaboration with security agencies, has reduced the incidences of pipeline vandalism to four per cent across the country, but decried the rise in smuggling of petroleum products which he said has become a national challenge that must be addressed urgently to stem the huge loss to the nation.
Responding, Chairman of the Senate Committee on Anti-Corruption and Financial Crimes, Senator Suleiman Abdu Kwari, described as heartwarming, the NNPC efforts at making great strides towards profitability and advised the Corporation to sustain the gains recorded so far for the good of the country.