Kyari Pledges Transparency Amid Senate Probe Into Petroleum Industry

The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has assured transparency regarding the company’s operations in the oil and gas sector.

Kyari made this pledge while testifying before a Senate ad hoc committee investigating alleged economic sabotage in the petroleum industry.

Led by Senator Opeyemi Bamidele, the committee is scrutinizing the activities of NNPCL amidst increasing calls for public accountability. Kyari affirmed that NNPCL does not import sub-standard products, emphasizing the company’s commitment to transparency and integrity. He lamented the unfair media reports aimed at tarnishing the company’s reputation and creating a false impression of economic sabotage.

Kyari stated, “We are not criminals, we are not thieves. We will protect our dignity so we can serve this country.”

Highlighting the challenges faced by the oil and gas industry, Kyari mentioned that there are issues he cannot discuss publicly until the appropriate time. He stressed that NNPCL operates within the legal framework provided by the Petroleum Industry Act and other relevant regulations.

Kyari added, “NNPCL is a company owned by over 200 million Nigerians. It is our job to protect this company and ensure it maximizes value.”

He pointed out that despite widespread misinformation, NNPCL has transformed from a loss-making entity to a profit-making company. Addressing allegations of NNPCL’s involvement in sub-standard product imports, Kyari clarified that the company follows strict regulations and would not engage in any activities that undermine the nation’s economic interests.

Kyari also responded to controversies involving regulators in the oil and gas industry and the Dangote refinery, refuting claims that NNPC employees own a blending plant in Malta.

He wrote on X, “I do not own or operate any business directly or by proxy anywhere in the world with the exception of a local mini agric venture. A blending plant in Malta or any part of the world has no influence over NNPC’s business operations and strategic actions.”

Kyari assured that any NNPC employee found involved in such activities would face strict sanctions, underscoring the company’s dedication to national energy security and accountability.