NNPC: We Will Make Our Books Open From September

[caption id="attachment_836" align="alignnone" width="640"]Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu[/caption]

As part of ways to ensure transparency in the financial transactions of the corporation, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has said that the corporation will from September publish its financial transactions periodically.

The Group Managing Director who held a town hall meeting with employees of the NNPC, maintained that the corporation must be built on the foundation of accountability and transparency.


“I want transparency. Beginning from next month, I want to be able to publish what the company makes. I have told the president that as from next week I will be sending him weekly reports”, he said.

He said the change culture will begin with establishing the current financial status of the corporation.

Kachikwu added that he would assign auditors to do a proper forensic audit to reveal the present state of the corporation.

According to a statement issued yesterday by the NNPC spokesman, Ohi Alegbe, promises were made to revisit old processes that used to make for efficient operations

The statement added that kachikwu said the staff should see themselves as the drivers of the changes required to bring about the new NNPC.

“You are the best consultants there are. While there may be need to refer certain issues to consultants, ultimately you are the ones who will implement whatever recommendations they come up with; you are the ones who have been around and who understand the system and so you are the ones who should drive the change,” he told the staff.


He said the change would be anchored on three key issues of people, processes, and profit, adding that the people element was key to the success of the other two elements which was the reason personnel motivation is dear to his heart.

The GMD further charged the staff to bring creative solutions to the numerous challenges facing the corporation, he challenged the staff not to obey any directive from him or any superior officer that runs contrary to the rules while noting that President Muhammadu Buhari will not ask him to do anything shady just as he himself would not ask any staff to carry out any unlawful duties.

Kachikwu also used the opportunity to dismiss reports that he was out to sack 1000 staff, saying that he needed quality staff to drive the processes and business in the new NNPC.

Speaking on behalf of members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), Comrade Francis Johnson, pledged the readiness of NNPC staff to work with the GMD to achieve the federal government’s reform agenda for the corporation and the oil and gas industry at large.


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