By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Okay News
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NNPC Limited Denies Allegations of N20bn Payment to Ghost Consultants and Tax Theft
Font ResizerAa
Okay NewsOkay News
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
2025 © Okay International Limited - All rights reserved
News

NNPC Limited Denies Allegations of N20bn Payment to Ghost Consultants and Tax Theft

Muhammad A. Aliyu
By
Muhammad A. Aliyu
ByMuhammad A. Aliyu
Muhammad Ameer Aliyu is a prolific journalist who joined Okay News in 2015, aiming to contribute to the platform's positive growth. Currently serving as the Senior...
Follow:
Published: 2023/04/04
2 Min Read
Share
NNPC Ltd
SHARE

The Nigerian National Petroleum Company Limited (NNPC) has denied allegations by an online platform that it paid N20 billion to ghost consultants and was involved in the theft of multi-billion naira tax due to the Ogun State Government.

In a statement issued by its Chief Corporate Communications Officer, Garba Muhammad, NNPC described the report as false and baseless, adding that the company does not have or deal with ghost consultants.

“At NNPC Ltd, the process of engaging consultants whenever the need arises is clear and verifiable and follows global best practices. It is therefore unfortunate that for whatever reason, the said online platform would make such a grievous allegation, mindless of the consequences of such actions. The claim of a missing N20bn is absolutely false and baseless,” Muhammad stated.

The company demanded that the online platform retract the publication immediately, noting that going forward, the platform should verify its facts before going to press.

“The second component of the said unfortunate report is related to Ogun State Government claiming a back duty tax liability of about N18 billion, against an NNPC subsidiary, the Petroleum Products Marketing Company (PPMC) Ltd. For clarity, PPMC had objected and challenged the claim through its tax consultant. Consequently, the Ogun State Government took the matter to court which is not unusual in business circles,” he added.

According to Muhammad, the matter is currently before the court and NNPC Ltd will prove its case accordingly. He also advised the said online publication to be mindful of the consequences of its actions before taking them.

“For a matter that is already in court, as admitted by the online publication, it is sad that any medium can arrive at such subjudice conclusions as shown by the actions of the online medium,” he concluded.

TAGGED:NNPC
Share This Article
Facebook Pinterest Whatsapp Whatsapp Email Print
Previous Article Femi Falana Reveals Why His Son, Falz, “Embarrasses” Nigerian Government
Next Article FG Approves 173 New Loan Apps

Stay Connected

FacebookLike
XFollow
InstagramFollow
TiktokFollow
WhatsAppFollow
- Advertisement -

You Might Also Like

InternationalNews

Le Creuset Owner Paul van Zuydam Joins South Africa’s Billionaire Ranks at 87

By
Adamu Abubakar Isa
2 Min Read
News

Ex-PDP Lagos Governorship Candidate Jandor Meets Tinubu, Briefs Him on LG Funds

By
Adamu Abubakar Isa
1 Min Read
News

Kwara PDP Criticises State Government Over Silence After Offa Christmas Night Explosion

By
Oluwadara Akingbohungbe
4 Min Read
Okay NewsOkay News
2025 © Okay International Limited - All rights reserved
  • About Us
  • Advertising
  • Contact
  • Careers
  • Team
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Facebook
Not a member? Sign Up