Posted 2/2/2024, 6:03:09 AM
Atiku Rejects Directive for CBN to Take Over NNPC Oil Sales, Warns of Fallout
- Atiku Abubakar rejects FG's directive for CBN to take over NNPC's responsibility for crude oil sales proceeds
- Says the directive undermines NNPC's operational independence as per the Petroleum Industry Act 2021
- States the directive violates due process and NNPC's legal status as an independent limited liability company
- Warns the directive could hinder investments and NNPC's global aspirations
- Suggests NNPC's accounts be traced by NEITI and CBN for transparency, instead of CBN taking over responsibility