President Muhammadu Buhari, according to the Presidency, is not looting the Nigerian National Petroleum Corporation (NNPC).
NNPC made a profit in 2020, according to Adesina, because Buhari “did not use it as his personal Automated Teller Machine (ATM).”
This was stated by the presidential spokesman in an article titled, “How Buhari Broke The Jinx At NNPC.”
He explained that the president refused to run NNPC like his personal ATM, so the company declared a profit.
“Well, it happened because, perhaps for the first time in the country’s and NNPC’s history, there is a President who is not using the place like a personal Automated Teller Machine,” the article says (ATM).
“He (Buhari) is not amassing vast sums of money through fiat, nor is he issuing orders for any under-the-table deal. And that President also serves as Minister of Petroleum Resources.”
He also quoted Mele Kyari, the NNPC Group Managing Director, as saying that the president has never made any demands on the Corporation.
Adesina quoted Kyari as saying, “Buhari has never made any demand of us, asked for a single thing for himself or any individual.”
Buhari, who is also the Minister of Petroleum Resources, recently announced that the Nigerian National Petroleum Corporation (NNPC) made a profit after tax (PAT) of N287 billion for the year ended December 31, 2020.
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