‘Layers of deceit’: Atiku slams NNPC over $6 billion debt admission
Former Vice President Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency following the company’s admission of a $6 billion debt to petrol suppliers.
The Chief Communications Officer of NNPCL, Mr. Olufemi Soneye, confirmed the debt, highlighting the severe financial strain it has imposed on the company’s operations.
“NNPC Ltd has acknowledged recent reports regarding its significant debt to petrol suppliers. This financial strain threatens the sustainability of fuel supply,” Soneye stated.
He assured that NNPCL remains committed to its role as the supplier of last resort, as outlined in the Petroleum Industry Act (PIA), and is working with government agencies to ensure a consistent supply of petroleum products nationwide.
‘Layers of deceit and lack of transparency’
Reacting to this development, Atiku expressed deep concern over the situation through his media aide, Phrank Shaibu.
