The Nigerian National Petroleum Corporation (NNPC) on Thursday debunked the claim that it was working hand in hand with some banks to frustrate the remittance of some funds into the Treasury Single Accounts (TSA) as directed by the federal government.
NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said there was no iota of truth in the report.
NNPC explained that it had earlier made efforts to intimate the Presidency, office of the Accountant General of the Federation, (AGF) and the Central Bank of Nigeria, (CBN) with the existence of the said accounts prior to the creation of the federal government asset recovery account.
The corporation said it would be obviously wrong to move the funds to the federal government asset recovery account as reported.
The statement reads in part: “It is unreasonable and sheer waste of funds to pay any agent five per cent, whistleblowing fee for the phantom recovery of genuine NNPC funds which had been disclosed to the presidency, CBN and other relevant stakeholders.
“Based on this superior argument, the consultant appointed by government to investigate the alleged hidden remittances was instructed to withdraw the pending court case against some commercial entities at the Federal High Court, Lagos.”
It added that the apex bank was supervising the remittance of the funds to the CBN TSA account as directed by the presidency.
The NNPC said contrary to the report, its commitment to transparency and accountability was not in doubt.
