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Buhari's Aide Clears Air On FG Selling NNPC Limited

Posted by Thandiubani on Tue 19th Jul, 2022 -

Tolu Ogunlesi, an aide to President Muhammadu Buhari has given an important update concerning the new Nigerian National Petroleum Company Limited.

Tolu Ogunlesi
President Muhammadu Buhari’s Special Assistant on New and Digital Media, Tolu Ogunlesi has debunked claims that the administration of Buhari has sold the Nigerian National Petroleum Company Limited, NNPC, LTD.
According to Ogunlesi, the Federal Government still owns NNPC.
He explained that NNPC was only transitioning from a government parastatal into a commercial liability company.
In a tweet, Ogunlesi wrote: “NNPC has not been ‘SOLD’, please. It is still wholly owned by Govt. What has happened is a TRANSITIONING from a Government ‘Parastatal’, into a commercially-run Limited Liability Company (still wholly owned by Govt of Nigeria,on behalf of the people of Nigeria), governed by CAMA.”
Buhari had unveiled the new NNPC Limited on Tuesday in Abuja.
The event had the Senate President, Ahmad Lawan; Speaker of the House of Representatives, Femi Gbajabiamila; among other top government dignitaries in attendance.

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