Mele Kyari, CEO of NNPCL, has vowed to reveal the truth about the company’s operations at the right time, amid allegations of economic sabotage and unfair media criticism. Kyari defended NNPCL against claims of importing sub-standard products and denied links to a Malta blending plant.
Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has promised to disclose crucial information about the company’s operations at the right time. Kyari made this statement during his testimony before a Senate ad hoc committee investigating alleged economic sabotage in the petroleum sector.
Kyari defended NNPCL against allegations of importing sub-standard products and criticized what he described as unfair media reports aimed at damaging the company’s reputation. He emphasized the company’s commitment to transparency and integrity and refuted claims that he or any NNPCL employees are linked to a blending plant in Malta, a matter of recent controversy.
Kyari also addressed the broader concerns regarding the oil industry, particularly the impact of alleged sabotage and mismanagement on Nigeria’s fuel supply and refineries. The Senate committee, led by Senator Opeyemi Bamidele, is scrutinizing the sector amid persistent challenges such as irregular fuel distribution and the need for substantial investments in refinery maintenance.
In addition to Kyari’s testimony, Finance Minister Wale Edun revealed that Nigeria spends $600 million monthly on fuel imports, exacerbated by the country’s subsidization policies. Edun’s comments highlight the economic pressures and the challenges in managing Nigeria’s fuel sector amidst regional demands.
Kyari's promise to unveil the truth in due course has heightened anticipation and scrutiny as stakeholders await further developments. The investigation and its outcomes could have significant implications for the future of Nigeria’s oil industry and its regulatory environment.
