The Nigerian National Petroleum Company Limited has dismissed claims by former Nigerian President, Atiku Abubakar, that the company allegedly sold its Retail Subsidiary to OVH, owned by President Bola Tinubu's nephew, Wale Tinubu.
's spokesperson, Olufemi Soneye, made this clarification on Thursday in response to Atiku's claim. Recall that Atiku, in a recent statement through his spokesman, Paul Ibe, lamented “the criminal hijack of the NNPC by corporate cabals around the current President.' Atiku also claimed that the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd. was compensation for the alleged acquisition of NNPC Retail Ltd. by OVH, in which he asserted that Mr.
debunked all the claims made by Atiku. According to , contrary to the false alarm raised by Atiku, neither Wale Tinubu nor President Tinubu has any interest in the OVH acquisition. The company insisted that, as a commercial entity, it is devoid of political interests and will continue to conduct its business with full commitment to national interest and value creation for the benefit of all stakeholders.
vowed to resist any attempt to draw its board and management into partisan politics. 'We are a commercially focused and profit-driven company managed by professionals who are committed to adding value to the nation. 'Investment decisions by NNPC Ltd. management are strictly determined based on commercial viability and national interest,' the company stated. It further explained that 'At the time NNPC Ltd.
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