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NNPC Boss says corruption claims ‘imaginary’

By on February 21, 2012

The head of Nigeria’s state oil company on Monday said corruption within NNPC was overblown, casting doubt on whether the firm intends to tackle what several reports have highlighted as a major problem.

Numerous reports and audits have said graft is rife within NNPC. Transparency International and Revenue Watch last year ranked it as the least transparent oil company in the world.

“I think NNPC corruption is blown out of proportion. Corruption in NNPC is in the imagination of some people,” Austin Oniwon, NNPC managing director, said at the opening of an oil and gas conference in the capital Abuja.

President Goodluck Jonathan has come under intense pressure to clean up Nigeria’s 2 million barrel per day oil sector, after a week of protests over fuel prices revealed public anger about corruption and waste of the country’ oil wealth.

Last month, Nigeria’s government ordered an audit of its entire oil and gas sector following a week of anti-government protests. The anti-corruption watchdog also began a investigation into the sector and the Senate opened a separate probe into fuel subsidies, all within a week.

Sceptics say the Nigerian government has invited auditors into its oil and gas sector before — and failed to act on their reports.

A report compiled by international accounting firm KPMG into the state oil company has been on the oil minister’s desk for a year, but no action has been taken on it yet.

“No one in NNPC has ever been charged,” Oniwon said, suggesting that this showed corruption is not a major issue.

2 Comments

  1. Anonymous

    February 21, 2012 at 8:54 am

    i guess this guy is in limbo

  2. Anonymous

    February 21, 2012 at 10:23 am

    Really imaginary indeed!!!!!!.

    The world will laugh at Nigerians on this MESS.

    Leaders have some form of Shame and Respect our Image .

    if you know the Bad image tag on your fellow Nigerians citizens ,you will be ashamed to say this .

    Discipline and good nigerians are taged with corruption for not even committing any crime.

    Every where you go as a Nigerian  , you are seen as corrupt person ,eventhough through out your life ,you have not stolen or comitted any crime.

    Yet due to bad leadership ,every nigerian is benefiting from the bad image .

    FG dont get confused , the system must be cleaned .

    Good Governance is the KEY .

    Defaulters must be known .

    “The firms and the amount of money they received last year alone are as follows: Oando Nigeria Plc, N228.506 billion; Integrated Oil and Gas Plc, N30 billion; MRS, 224.818 billion; A.A. Rano, N1.14 billion; A-Z Petroleum, N18.61 billion; A.S.B, N3.16 billion; Arcon Plc, N24.116 billion; African Petroleum, N104.58 billion; Aminu Resources, N2.3 billion; Capital Oil, N22.4 billion; Con Oil, N37.96 billion; Avante Guard, N1.14 billion; Avido, N3.64 billion; Boffas and Company, N3.67 billion; and Brilla Energy, N960.3 million.

    Others are: D. Jones Petroleum, N14.86 billion; Downstream Energy, N789.648 million; Dosil Oil and Gas, N3.375 billion; Inco ray, N1.988 billion; Eternal, N5.574 billion; Folawiyo Energy, N113.32 billion; Frado International, N2.63 billion; First Deepwater Oil, N257.396 million; Heden Petrol, N693 million; Honeywell Petrol, N12.2 billion; AMP, N11.417 billion; Ascon, N5.271 billion; Channel Oil, N1.308 billion; Fort Oil, N8.582 billion; Enak Oil & Gas, N19.684 billion; Bovas & Co. Nig Ltd, N5.685 billion; and Obat Oil N85 billion.

    Abe also named IPMAN Investment Limited, N10.9 billion; ACON, N24.1 billion; Atio Oil, N64.4 billion; AMP, N11.4 billion; and Emac Oil, N19.2 billion.
    In 2006, only MRS,

    Total and Oando were listed as beneficiaries of the fuel subsidy recognised by the Federal Government.
    The three companies were said to have been listed as “major marketers.”But in 2007, AP and Mobil joined and were listed under the category of majors. The same year, NIPCO was introduced and listed under the category of petrol depot owners.”