NNPC doesn't know all its bank accounts, reveals Buhari

Monday, June 15, 2015 9:11 pm

Joseph Dawha, NNPC GMD: corporation operates too many bank accounts

The Nigerian National Petroleum Corporation has too many bank accounts, some of which either the Ministry of Finance or the corporation itself has lost track of.

Making the revelation today in Johannesburg was Nigeria’s leader, President Muhammadu Buhari.

Buhari, a former petroleum minister and former Nigerian military head of state expressed shock at the development, describing it as ‘improper.

As petroleum minister during the Chief Olusegun Obasanjo military regime,(1976-1979) Buhari said NNPC had only three accounts, in contrast to what the Jonathan government bequeathed: too many accounts such that the NNPC and the ministry of finance did not know how many accounts they had.

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2 Comments

samal54 says:

June 17, 2015 at 6:33 pm

We must fight this corruption to a standstill!

Joe M says:

June 16, 2015 at 9:28 pm

Is Buhari really surprised about this?! He was in control decades ago, and he doesn’t expect a growing company to increase in complexity over time? NEWSFLASH: this is the nature of all companies, they don’t remain static forever.