Atiku to FG: Transformation of NNPC shrouded in secrecy

Former vice-president and presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has stated that the transition of the Nigerian National Petroleum Corporation is shrouded in secrecy.

This was made known on Friday by Atiku Abubakar via an interview with Arise TV.

President Muhammadu Buhari on Tuesday unveiled the Nigerian National Petroleum Company Limited (NNPC) Limited.

Buhari had said the transformation would strengthen the capacity and market relevance of Nigeria’s oil industry — regulated by the Companies and Allied Matters Act (CAMA), following the Petroleum Industry Act (PIA) 2021. 

But the PDP presidential candidate said he does not know how the transition is being done, adding that the international communities have not also seen it in a transparent manner.

“Yes, the government has announced that it is started privatising the NNPC but a lot needs to be done. Because it appears that it is being done secretly. In other words, otherwise, nobody, Nigerians and other members of the international community have not seen it in a transparent manner,” Atiku said.

“If you ask me honestly, I do not know how it’s being done, and by whom what is the scope of the privatization? How much is being privatized, and how much is being retained by the government?”