The financial transactions of the Nigerian National Petroleum Corporation will be published periodically to ensure transparency beginning from next month, the Group Managing Director, NNPC, Dr. Ibe Kachikwu, has said.
The NNPC boss said the move was part of his resolve to usher in a new dawn of transparency in the national oil firm, stressing that transparency must be the watchword of every staff in the new NNPC.
Kachikwu, who stated this at his maiden town hall meeting with employees of the corporation at the NNPC Towers in Abuja Tuesday, said the new NNPC will be a corporation anchored on the foundation of clearness.
The Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, confirmed this development.
“I want transparency. Beginning from next month, I want to be able to publish what the company makes. I have told the President that as from next week I will be sending him weekly reports”, the new GMD was quoted as telling employees of the NNPC.
If implemented, this will be a radical departure from the past where the financial transactions of the NNPC was a closely guarded secret.