Managers of the Port Harcourt Refinery Company (PHRC) have proved their inability to make sound financial judgments, as evidenced by the company’s 2020 financial statement.
The local refinery, which is run by engineer Ahmed Dikko, had no revenue in 2020 but expended N19.215 billion in administrative costs, including paying salaries, wages, and other benefits to unproductive staff this is according to NNPC AUDITED FINANCIAL REPORT.

Furthermore, the refinery, which is operated by Mele Kyari and is one of the businesses of the Nigerian National Petroleum Corporation (NNPC), hired 487 new employees in 2020.

The 487 new workers are paid N3.93 billion annually, suggesting that each of them receives an average of N8.072 million annually or N672,713 monthly, demonstrating the mismanaged refinery’s high level of financial recklessness.
READ MORE: https://e-nigeriang.com/2021/09/10/mele-kyari-waste-n22-b-on-ph-refinery/

EXCLUSIVE REPORT: https://e-nigeriang.com/2021/09/06/mom-reconcile-anita-okoye-with-husband/