The Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari, said this on Wednesday in Abuja at a summit.
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Mele Kyari, Group Chief Executive Officer of NNPCL, disclosed this at the State House Ministerial Briefing on Tuesday.
The development finalised negotiations on renewed PSC in line with the new provisions of the Petroleum Industry Act.
Malam Mele Kyari, Group Chief Executive Officer of NNPC Limited, made this known on Tuesday at a media chat.
Mele Kyari, Group Managing Director, Nigerian National Petroleum Company, confirmed the development on Wednesday
Kyari disclosed this to members of the House of Representatives Joint Committee on Petroleum Resources (Downstream).
The NNPC GMD spoke on Tuesday in Abuja before the committee set up by the Speaker of the House, Femi Gbajabiamila.
To address the twin issues, the government ordered the numerous vessels on the high seas involved in the booming trade to be bombed because all attempts to stop the theft failed.
This was made known by the Group Managing Director of the Nigerian National Petroleum Corporation Limited, Mele Kyari.
The audit queries issued by the office of the Auditor General of the Federation, over N663.89 billion was not remitted by NNPC into the Federation Account in 2019.
Kyari, in a statement, said the firm would comply with the committee’s requirement and remain accountable and transparent.
The allegation was contained in a letter dated March 4, 2022 and addressed to the GMD and CEO of NNPC Limited
The Nigeria National Petroleum Corporation Limited added that there was availability of 1.7 billion litres of petrol currently in stock.
News Agency of Nigeria (NAN) Correspondents who monitored the situation at In Abuja Saturday report that long queues were noticeable at fuel stations as early as 5 a.m.
The House also summoned the Group Managing Director, Nigeria National Petroleum Corporation Limited, Melee Kyari.
The CNPP in a statement signed by its Secretary General, Chief Willy Ezugwu also demanded the ban of all the companies that brought in the adulterated petrol from importing the commodity into the country and their immediate prosecution for economic crimes.
The Group Managing Director/Chief Executive Officer of the NNPC Limited, Mele Kyari, offered the insight late on Wednesday.
The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, made this known in Abuja on Monday
The NNPC Chief Executive Officer, Mele Kyari, said this while addressing staff at a townhall meeting at NNPC Towers, Abuja.
NNPC Group Managing Director Mele Kyari disclosed this in Abuja Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act.