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Babajide Kolade-Otitoju Blows Hot On The Financial Activities Of The NNPC

On the Wednesday edition of the TVC Journalists' Hangout(for verification), the issue of the remitting of money from the different goverment agencies and parastatals was discussed and veteran journalist, Babajide Kolade-Otitoju, expressed himself in strong words against some of the financial activities of the NNPC.

Here's what BKO said:

"Indeed, there is a problem with the governing model of the NNPC. We deceive ourselves by announcing that the government has stopped paying subsidies, but the NNPC go behind the people's back to pay subsidies to supplies, without the permission of the National Assembly... without Appropriation, they pay subsidies.. because even in this budget, there is no provision for subsidy.

So to the ignorant on social media and other places, they say that no there is no subsidy, yet NNPC, would on its own take huge money from crude oil sales.

Who permitted them to do that?.. Is lawful to do that? In who's interest are they doing that?

NNPC, seems to have issues with accountability and there seems to be no one to call them to order. I think this is a deliberate system put in place to encourage corruption and all types of fraud"

Dear Nigerians, do you agree with Babajide Kolade-Otitoju's stance on the financial activities of the NNPC?

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BKO Babajide Kolade-Otitoju NNPC National Assembly TVC Journalists'


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