Malam Mele Kolo Kyari, Group Managing Director of NNPC

Why NNPC now opens its books for public scrutiny: GMD

*With the current spirit of accountability pervading the Corporation, NNPC is set to survive and push the frontiers of transparency to transform the Nigerian economy ─Malam Mele Kolo Kyari, Group Managing Director

Isola Moses | ConsumerConnect

In its expressed commitment to pushing the frontiers of transparency in order to return adequate dividends to its over 200 million shareholders in the country, Malam Mele Kolo Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has said that the state oil corporation is no longer operating an opaque system.

Malam Kyari, who stated this at ThisDay Arise Group Global Virtual Commemoration of Nigeria’s 60th Independence anniversary, said besides mere releasing the audited financial statement for the 2018 financial year, that of 2019 is also ready and will be made public soon.

The NNPC Group Managing Director stressed that the Corporation would continue to push the frontiers of transparency with a view to returning adequate dividends to its over 200 million shareholders in the country.

Though Kyari acknowledged that there were a lot of negativities in the country before now, the positives far outweigh the negatives for Nigeria at 60.

The report said that he expressed the hope that Nigeria is on the right trajectory under the present administration.

In the last 30 to 40 years, the NNPC has provided enormous resources from oil, but maintained that under the Muhammadu Buhari Administration, the political interference that had bedevilled the Corporation in the past no longer exists, said the NNPC Chief.

According to him, with the current spirit of accountability pervading the Corporation, the NNPC is set to survive the next 30, 40 years, and transform the country’s economic landscape.

This leadership of the national oil company has the rare advantage of independence, insisting that the NNPC can now drive its own growth with the current Board.

He said: “I have an advantage that posterity has thrown at me which is that we have a political leadership that doesn’t interfere with what we do today.

“We are now responsible for our decisions and our balance sheet. Many of the things that you are aware happened in the past, do not happen today.

“Therefore, we are now more focused, more business oriented. We feel more accountable.

“The combined result of that is a company that can drive itself. What’s different is a leadership that has a consensus that this company must change.

“We have delivered on everything we said we will do. In the last 43 years, nobody cared about accountability to shareholders, but we have done the books for 2018 and we are ready with the one for 2019.”

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