THE Nigerian National Petroleum Company Limited (NNPCL) has said it will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) to review its alleged indebtedness to the federation.
In a statement on Monday, NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the oil company would also work with relevant parties in the reconciliation committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness by the Federation Accounts Allocation Committee (FAAC).
He said the decision was reached after an unnamed non-governmental organisation (NGO) called for a probe of several monies allegedly owed to the federation by NNPC.
“The NGO’s [call] was baseless, considering the fact that NEITI itself had dismissed many of the allegations in the said 2021 report, following a series of engagements with NNPC Ltd,” the statement read.
