The Nigerian National Petroleum
Corporation, NNPC, has said that there was no rift
between the Minister of Petroleum Resources, Mrs.
Diezani Alison Madueke and its Group Managing
Director, GMD, Engr. Andrew Yakubu..
In a statement issued in Abuja yesterday, the
Group General Manager, GGM, Public Affairs
Division, Mr. Ohi Alegbe, said that the two were "in
harmonious working relationship."
Mr. Alegbe also said that the Minister of Petroleum
Resources and the NNPC, in the last few months,
have heeded countless number of summons from
the National Assembly, wondering why the media
would go to town with the reports that the
Petroleum Minister was doing everything to thwart
the proposed investigation into the alleged N10
billion purportedly expended on the charter of jets
by the corporation.
He said: "The Minister and NNPC are putting
together all the documents that the House of
Representatives Committee on Public Account had
requested for. At the end of the probe, the Minister
and the Corporation would be vindicated."
Alegbe said that the GMD of the corporation was in
London last week for the board meeting of the
Nigerian Liquefied Natural Gas, NLNG, and that
NNPC would remain focused on its core mandate
of guaranteeing energy sufficiency for the country.
On measures against fuel scarcity
He said that new measures were being adapted to
ensure round the clock availability of petrol.
Under the arrangement, he said, the Minister had
approved the allocation of 1,854,314 metric tonnes
of petrol as supplementary volumes for the first
and second quarters of the year.
He noted that whilst the first quarter supplementary
volume was designed to complement the earlier
allocation in addition to covering any under-
delivery by marketers due to unforeseen financial
challenges, the second quarter (June only) quota
was in consonance with the national consumption
pattern of 40 million litres per day.
The NNPC spokesman also noted that the second
quarter quota also captured a 23 percent upper
tolerance in the event of default or slippage into
July.
He said: "There are 27 oil marketing companies
with proven performance records enlisted in
respect of first quarter deliveries. For the second
(June only), there are 40 marketers with good
performance records and whose facilities are
functional.
"The idea of June only is to revert back to the
normal quarterly sequence. That is July to
September and October to December."
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