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We Are Not Broke, Says NNPC - Politics - Nairaland

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We Are Not Broke, Says NNPC by Doraty1(f): 2:04pm On Apr 30
JUST IN:

PRESS RELEASE

Revenue Projection in Letter to AGF Not Reflection of Corporation’s Financial Standing, @NNPCgroup Clarifies

…Pledges to Optimize Cost, Boost Remittance to #FAAC


1. The Nigerian National Petroleum Corporation (#NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation.

2. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that the clarification became necessary in the light of media reports insinuating that the Corporation was in financial straits.

3. #NNPC maintains that it is conscious of its role and was doing everything possible to shore up revenues and support the Federation at all times.

4. “The shortfall will be remedied by the Corporation as it relates only to the Federation revenue stream being managed by the #NNPC and does not reflect the overall financial performance of the Corporation. The NNPC remains in positive financial trajectory for the period in question,” it stated.

5. The Corporation pledged to continue to pursue and observe its cost optimization process with a view to maximizing remittances to the Federation Account.

6. It would be recalled that NNPC, in a letter to the Accountant General of the Federation entitled: Re: Impact of Hike in Crude Oil Prices on the Deregulated Downstream Sector: Projected Remittance to the Federation Account for April to June 2021, which was inappropriately shared by unscrupulous persons, had projected that it would deduct the sum of N112bn from Oil and Gas proceeds for the month of April 2021 to ensure continuous supply of petroleum products to the country and guarantee energy security.

7. This has fueled reports of impending revenue shortfalls with dire consequences for the various tiers of government.

8. #NNPC, however, assures that it would continue to meet its financial obligations to the Federation.

Dr. Kennie Obateru (@kennieobateru)
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
NNPC Towers, Abuja.
30th April, 2021.
https://twitter.com/NNPCgroup/status/1388109448401629189?s=19

Re: We Are Not Broke, Says NNPC by Shellsploit: 2:06pm On Apr 30
It is finished!
Everything is turningonhimownin this country!

2 Likes

Re: We Are Not Broke, Says NNPC by Praxis758: 2:18pm On Apr 30
One of the greatest curses on this country is the setting up of NNPC. It is the most painful and parasitic governmental body to have for a country like ours.

These guys keep stinging us, adding salt to our injuries with with callous, complacent and abominable technical error and financial absurdities.

A sane country that desires sincerly pragmatics change and not political change will sit and visit the errorneous foundation of those national headache called NNPC.

Our elites, Obas, politicians, etal have continually make it a vault where they siphon our commonwealth under dubiously funny nomenclature (Turn around Mentainance, Operational loss,).

Our aspiration for pragmatic development will continue to be a day-dream if NNPC continue to operate with this anti-people's oligarchical tradition.

18 Likes

Re: We Are Not Broke, Says NNPC by Freestainworld(m): 2:29pm On Apr 30
Minister of petroleum, what do you have to say?

2 Likes

Re: We Are Not Broke, Says NNPC by salbis(m): 2:37pm On Apr 30
Funny government, funny employees.

1 Like

Re: We Are Not Broke, Says NNPC by Shellsploit: 2:37pm On Apr 30
Praxis758:
One of the greatest curse on this country is the setting up of NNPC. It is the most painful and parasitic governmental body to have for a country like ours.

These guys keep stinging us, adding salt to our injuries with with callous, complacent and abominable technical error and financial absurdities.

A sane country that desires sincerly pragmatics change and not political change will sit and visit the errorneous foundation of those national headache called NNPC.

Our elites, Obas, politicians, etal have continually make it a vault where they siphon our commonwealth under dubiously funny nomenclature (Turn around Mentainance, Operational loss,).

Our aspiration for pragmatic development will continue to be a day-dream if NNPC continue to operate with this anti-people's oligarchical tradition.

Bros be calming down with your english, weather dey hot abeg!

16 Likes

Re: We Are Not Broke, Says NNPC by design104: 2:37pm On Apr 30
cheesy
Yes sir.
Re: We Are Not Broke, Says NNPC by slawormiir: 2:37pm On Apr 30
Damnnn niggarrrr
Isoright
Re: We Are Not Broke, Says NNPC by blinking001(m): 2:37pm On Apr 30
Observing..
Re: We Are Not Broke, Says NNPC by Nbotee(m): 2:38pm On Apr 30
No U are not, U are jus thieves led by someone who has shown to b very clueless as a Minister and as a President .. He's d definition of LOST

11 Likes

Re: We Are Not Broke, Says NNPC by iampeterben(m): 2:38pm On Apr 30
Why are you guys drawing back to pay the May allocations.
Re: We Are Not Broke, Says NNPC by Kingcalls: 2:39pm On Apr 30
If NNPC broke...then the country will literally finish
Re: We Are Not Broke, Says NNPC by smile11s(m): 2:39pm On Apr 30
Until you’re rich, then you will know that everything is vanity
Re: We Are Not Broke, Says NNPC by FBIBOT(m): 2:39pm On Apr 30
grin Dem Don chop everything finish... Our darling zaddy might appoint a new minister to clean up the mess now
Re: We Are Not Broke, Says NNPC by Seniorwriter(m): 2:39pm On Apr 30
That's not news....sane people know.
Re: We Are Not Broke, Says NNPC by PCG001: 2:39pm On Apr 30
Re: We Are Not Broke, Says NNPC by Dee60: 2:39pm On Apr 30
Is that so?

What did you mean yesterday when you said sates will not get any money in May?
Re: We Are Not Broke, Says NNPC by ictjobber: 2:39pm On Apr 30
But the country is.. We understand grin grin
Re: We Are Not Broke, Says NNPC by NwaNimo1(m): 2:40pm On Apr 30
Eziokwu....

2 Likes

Re: We Are Not Broke, Says NNPC by Coolpro121: 2:41pm On Apr 30
Really

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Re: We Are Not Broke, Says NNPC by JovialJune(f): 2:41pm On Apr 30
When Atiku said the first thing he'll do is sell the useless NNPC cos it is obviously a money making machine for corrupt entities, everyone came for his head, now look where we are, a whole NNPC is broke, and they are trying desperately hard to cover it up, smh.

2 Likes

Re: We Are Not Broke, Says NNPC by CasNova: 2:44pm On Apr 30
...
Re: We Are Not Broke, Says NNPC by chaloskyx: 2:46pm On Apr 30
IF YOU LIKE BECOME BROKE WE DONT CARE DIVIDE THE COUNTRY AND CREDIT ALL OF US ACCOUNTS STUPID PEOPLE NIGERIA IS DONE FOR!!!!!!!!!!!

1 Like

Re: We Are Not Broke, Says NNPC by longjohnodu(m): 2:47pm On Apr 30
Praxis758:
One of the greatest curse on this country is the setting up of NNPC. It is the most painful and parasitic governmental body to have for a country like ours.

These guys keep stinging us, adding salt to our injuries with with callous, complacent and abominable technical error and financial absurdities.

A sane country that desires sincerly pragmatics change and not political change will sit and visit the errorneous foundation of those national headache called NNPC.

Our elites, Obas, politicians, etal have continually make it a vault where they siphon our commonwealth under dubiously funny nomenclature (Turn around Mentainance, Operational loss,).

Our aspiration for pragmatic development will continue to be a day-dream if NNPC continue to operate with this anti-people's oligarchical tradition.
bros u don summarise finish..they are just fucking with our collective resources...
Re: We Are Not Broke, Says NNPC by CocoaOla: 2:56pm On Apr 30
Deceivers

Re: We Are Not Broke, Says NNPC by Racoon(m): 2:56pm On Apr 30
Another tales of lies and denials.Truth is like pregnancy it can never be hidden.
Re: We Are Not Broke, Says NNPC by ogododo: 3:05pm On Apr 30
Re: We Are Not Broke, Says NNPC by ogododo: 3:09pm On Apr 30
Praxis758:
One of the greatest curse on this country is the setting up of NNPC. It is the most painful and parasitic governmental body to have for a country like ours.

These guys keep stinging us, adding salt to our injuries with with callous, complacent and abominable technical error and financial absurdities.

A sane country that desires sincerly pragmatics change and not political change will sit and visit the errorneous foundation of those national headache called NNPC.

Our elites, Obas, politicians, etal have continually make it a vault where they siphon our commonwealth under dubiously funny nomenclature (Turn around Mentainance, Operational loss,).

Our aspiration for pragmatic development will continue to be a day-dream if NNPC continue to operate with this anti-people's oligarchical tradition.

Na d money dem dey share.
Re: We Are Not Broke, Says NNPC by Tulsaguy: 3:10pm On Apr 30
grin grin grin grin grin grin grin grin grin Yahooyahoo institution. Norther Nigeria Petroleum Crooks.

Refines zero litre of oil, made hundreds of billion of loses, how?

Maintenance cost right? What are you maintaining?

Any job opening is cornered by the northern oligarchy 90%. They will shook 3%, 2% & 5% in the mouth of Yorubas, Igbos & South south, so that they won't talk.

Oil wells are in the south, the head of the corporation have been perpetually goro chewing abokiis.

Make we share this garri, make everybody carry im own waka. Naija na fraud!

3 Likes

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