NAPIMS denies mismanaging USD11 million

NAPIMS denies mismanaging USD11 million

In response to allegations that it spent USD9 million on staff transfer and another USD2 million to vehicles maintenance, the National Petroleum Investment and Management Services, NAPIMS has denied such allegations.

NAPIMS in a statement issued through the NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu said the agency did not spend USD9million on staff transfer alone, neither did it commit USD2million to vehicles maintenance only.

The NNPC said USD9 million was reported to have been spent on staff transfers alone during a submission on NAPIMS’s 2016 budget performance to Senate Committee on Petroleum, Upstream.

The amount actually consisted of appropriated items on pension fund, retirement benefit and staff transfers/redeployment.

Similarly, the $2million purportedly spent on vehicles maintenance, comprised budget items which included light vehicles Maintenance (3rd Parties and In-House); Light Motor Vehicle for Operation – Fueling; and Heavy Motor Vehicle Maintenance (3rd Parties and In-House).

NAPIMS also clarifies that it was erroneous to say that NAPIMS’s General Manager, Joint Venture Oil Operations, Mrs Catherine Iheme, made the presentation to the Senate Committee as contained in some media reports of the event, as she was indeed absent at the Senate Hearing.

For the avoidance of doubt, NAPIMS, as a Corporate Services Unit of NNPC, maintains the Corporation’s core values of Integrity, Transparency and Accountability, with all its activities directed at adding value to the hydrocarbon resources of the country for the benefit of all Nigerians and other stakeholders in the Industry.

NAPIMS is a subsidiary of the NNPC. The NNPC has been rocked by allegations of corruption, many of which has led to series of lawsuits against former principal officers of the corporation.