Ribadu advocates for transparency in NNPC operations, says FG must not claim ownership of company

November 18, 2013 7:17 AM

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Former Chairman of the Economic and Financial Crimes Commission, EFCC, Malam Nuhu Ribadu, has urged Nigerians to press for transparent operations of the Nigerian National Petroleum Corporation, for the development of the country.

Ribadu made this statement at a retreat organised by the Nigeria Governors’ Forum in Sokoto State, weekend. He criticised the corporation for always concealing its activities from the public, thereby keeping Nigerians in the dark about what transpires in the sales of the product.

The controversial EFFC former boss said that Nigeria remains the only country that continues to conceal the activities of its oil company, contrary to what obtains in other parts of the world.

He also faulted the Federal Government’s handling of the Corporation that totally deprives states and local governments of participating in the operations of the oil company.

He said: “Today, the NNPC is a producer, an importer, a marketer and a regulator paying to the Federal Government what it likes at any time and treating the states and local governments in Nigeria as if they have no stake in the establishment.

“Let me say that states are very important because of the essential roles they play in the development of the communities and the lives of Nigerians. They should therefore, be allowed to have a say in what goes on in the NNPC.”

Source: dailypost.com.ng

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