Tolu Ogunlesi, Special Assistant to President Muhammadu Buhari on New and Digital Media, has refuted claims that the Federal Government has sold the Nigerian National Petroleum Company Limited, NNPC, LTD.
Ogunlesi gave his word that the NNPC is still owned by the Federal Government.
He explained that the NNPC was merely undergoing the process of transforming 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.
Discussion about this post