The recent statement by the Nigeria National Petroleum Company Ltd (NNPCL) Chief Financial Officer, Mr. Umar Ajiya that no oil marketers have been paid any subsidy in the last nine years has left so many questions, controversies and contradictions.
Giving a breakdown of the national oil company’s 2023 Audited Financial Statement in Abuja, on Monday, August 19, 2024 Ajiya stirred the hornets nest when he thundered that the company was only taking care of petrol importation shortfalls between it and the federation. In other words, they had no business with the oil marketers, asides selling fuel to them.
He unequivocally stated that NNPCL had not paid any subsidy to any company in the past nine years.
