Home News NNPC Clarifies Subsidiary Spending on Staff Transfer

NNPC Clarifies Subsidiary Spending on Staff Transfer

by Our Reporter
National Petroleum Investment and Management Services, NAPIMS, a Corporate
Services Unit of the Nigerian National Petroleum Corporation, NNPC, did
not spend $9million on staff transfer alone, neither did it commit
$2million to vehicles maintenance only.

The $9million was reported to have been spent on staff transfers alone
during a submission on NAPIMS’s 2016 budget performance to Senate
Committee on Petroleum, Upstream.

The amount actually consisted of appropriated items on pension fund,
retirement benefit and staff transfers/redeployment.

Similarly, the $2million purportedly spent on vehicles maintenance,
comprised budget items which included light vehicles Maintenance (3rd
Parties and In-House); Light Motor Vehicle for Operation – Fueling; and
Heavy Motor Vehicle Maintenance (3rd Parties and In-House).

NAPIMS also clarifies that it was erroneous to say that NAPIMS’s General
Manager, Joint Venture Oil Operations, Mrs Catherine Iheme,  made the
presentation to the Senate Committee as contained in some media reports of
the event, as she was indeed absent at the Senate Hearing.

For the avoidance of doubt, NAPIMS, as a Corporate Services Unit of NNPC,
maintains the Corporation’s core values of Integrity, Transparency and
Accountability, with all its activities directed at adding value to the
hydrocarbon resources of the country for the benefit of all Nigerians and
other stakeholders in the Industry.

You may also like