Losses From Vandalism Dropped To N82Bn In 2019 – NNPC

The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari has said there is a significant decline in losses recorded from vandalism and oil theft.

He stated that the Corporation recorded a total loss of N82bn in 2019 compared to N800bn recorded in 2018.

The GMD speaking at the official handover of four patrol vehicles and four quad bikes to the Taskforce against vandalism, Operation AWATSE at the headquarters, Western Naval Command in Lagos, commended the effort of the joint security.

“We promised Nigerians that this company, our own company owned by all of us, the over 200 million Nigerians will be accountable to all. We are very accountable to all.

“Today, everybody knows what we are doing. We are the only company that publishes its operations account on monthly basis.”

Speaking further, he reiterated his commitment to ensure accountability to Nigerians, stressing that the corporation would continue in the publication of its operations account monthly.

“We have never published the annual financial statement of this company but it was done for 2018 and 2019.

“Nigerians now know what we are doing on their behalf and that has caused us to improve in our performance.

“We have reduced our losses from what was N800bn in 2018 to less than N82bn and we are very proud of this.

“Therefore in terms of accountability and transparency, we have achieved that and we also promise that we will perform excellently on behalf of the Nigerian people.”