Trial of Those Who Mismanaged & Looted NNPC Oil Revenues will commence Soon - President Buhari

President Muhammadu Buhari Sunday in New York restated his determination to fully sanitize Nigeria's oil industry and make it totally free of corruption and shady deals.

Speaking at a meeting with President Xi Jinping on the sidelines of the 70th General Assembly of the United Nations, President Buhari said that a necessary first step in this direction had already been taken with the appointment of a new management for the Nigerian National Petroleum Corporation (NNPC) and its  subsequent reorganisation .

 

Emmanuel Ibe Kachikwu appointed by President Buhari as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC)

 

The President said that the prosecution of those who misappropriated the NNPC's revenue under past administrations will soon commence.

 

President Buhari thanked President Xi Jinping for China's ongoing help in curbing crude oil theft from Nigeria.

 

The President applauded China's interception of shiploads of crude oil stolen from Nigeria, and which were to be sold and proceeds paid into private accounts.

 

"We know your stand on corruption, and we are grateful. Your continued cooperation in curbing oil theft from Nigeria will be appreciated," President Buhari told the Chinese leader.

 

He also assured President Xi Jinping that under its new leadership, the Nigerian  military had been re-trained and re-equipped, and was now making steady gains against Boko Haram.

 

President Jinping  told President Buhari that  China, which is  already involved in Nigeria in diverse areas like railway, airports, agriculture, and in the Mambilla Hydro-power project, among others, will increase its investment in the country's agricultural sector to support the achievement of domestic food security.

 

He also promise further Chinese investment in Nigeria's oil and gas industry, and more support for human capital development in the country.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

September 27, 2015