Mele Kyari: Don’t blame NNPC for smuggling of petroleum

Mele Kyari, Group Managing Director of NNPC Limited, attributes the high rate of product smuggling across the border to petroleum subsidies.

 

Speaking at a summit hosted by the House of Representatives Committee on Anti-Corruption, Mr. Kyari asserted that smuggling and round-tripping would continue as long as subsidies existed.

 

He stated that NNPC Limited cannot be held accountable for the matter.

 

“As long as arbitrage is there, you will continue to have these issues and you cannot hold NNPC accountable for it because it is a value chain that involves everything and everybody,” he said.

OTHER NEWS   BREAKING: House Approves N4 Trillion For Petrol Subsidy

 

He also revealed that there are threats to his life by those who are opposed to changes caused by the implementation of the Petroleum Industry Act.

 

“There is threat to life, I can say this, I have several death threats but we are not bothered about this, we believe that no one dies unless it is his time.

 

But this is the cost of change, when people move away from what they are used to something that is new that will take away value and benefit from them, they will react,” he said. CONTINUE READING…………………………….

OTHER NEWS   FG to Replace Fuel Subsidy With N5,000 Transport Claim for Nigerians

 

 

THIS IS FOR YOU🤳🏾👨🏼‍💻

 

For your Surprise birthday wishes, Business Advert Placement, Publicity Online and offline, Press Release, Social Media Management, For Your Content Writer Plug, Personality Promotion, Special Report, Featured Story, Conference, And Interviews – CONTACT US @VAM on WhatsApp/Call📞@ 08072633727 📲

Akanji Philip

Correspondent at Voice Air Media.

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *