The Conference of Nigeria Political Parties (CNPP) has commended the Federal Government for its decision to engage an external auditor to verify the Nigerian National Petroleum Company Limited’s (NNPC Limited) petrol subsidy claim. This move is seen as a vindication of the CNPP’s long-standing call for an independent forensic audit of NNPC Limited.
According to a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, CNPP said that the reduction of NNPC Limited’s subsidy claims from N6 trillion to N2.7 trillion after an initial audit by KPMG highlights the need for a comprehensive probe. “Since the Goodluck Jonathan administration, the CNPP has consistently demanded an independent forensic audit of NNPC Limited, now a government-owned company,” the statement read.
The CNPP has expressed concerns over the allegations of corruption, mismanagement, and lack of transparency that have peaked under the leadership of Engr. Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPC Limited. “We commend the Federal Government for attempting to probe NNPC Limited, but insist that management suspension is crucial for an effective audit. Anything less would allow perpetrators to continue their nefarious activities,” the statement added.
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