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NNPC should clarify $367m spent operating lifeless refineries – HURIWA

The Human Rights Writers Affiliation of Nigeria, HURIWA, has referred to as on the administration of the Nigerian Nationwide Petroleum Company, NNPC to show extra openness, accountability and probity within the administration of the petroleum sub-sector of Nigeria’s financial system.

HURIWA, an advocacy group, made the decision towards the backdrops of the reported open bidding course of for the Port Harcourt Refinery rehabilitation contract and a revelation that public funds operating to the tune of $367 million have been frittered away in a 12 months on operating the three publicly owned refineries with none of them refining a single barrel of crude.

Nationwide Coordinator of the group, Emmanuel Onwubiko mentioned solely voodoo economists would attempt to justify the wastage of public funds.

Onwubiko additionally expressed displeasure that the Nationwide Meeting has demonstrated a scandalous aversion for probity, accountability and transparency.

He insisted that the Nationwide Meeting was concerned in a gang-up towards public curiosity and public good by failing to conclusively decide the logic behind the inexplicable incontrovertible fact that $367 million was ‘spent’ in a 12 months on the nation’s refineries however but no single drop of crude was refined in these refineries.

An announcement by Onwubiko reads partly: “We expect that it is just voodoo economists that can attempt to justify the big wastage of such a colossal sum of cash on nothing. We surprise the type of unorthodox accounting and auditing course of that can search to justify this monumental disappearance of such a humongous sum of money on virtually nothing.

“We will’t fathom how on Earth the large payments of $367million USD might be ‘spent’ on nothing and certainly no one is asking any crucial questions and people elected and maintained at exorbitant value to the taxpayers to do the oversight duties are so compromised that this doesn’t matter of their legislative calculations.

“HURIWA like most patriotic Nigerians has nonetheless not recovered from the groundswell of shockwaves that swept across the Nation on account of the revelation that no white product (Premium Motor Spirit and Twin Goal Kerosene) was produced in June 2020 and apparently for the previous 12 consecutive months. The shortage of manufacturing is because of ongoing rehabilitation works on the refineries.

“In the identical interval, working prices for the nation’s three foremost oil refineries, which the NNPC has shuttered pending revamps, totalled $367 million”.

On the plan to kickstart the rehabilitation of the Port Harcourt refinery, the Rights group expressed sturdy doubts that the administration of “NNPC is able to adhering to the phrases of the contract to make sure early completion and graduation of refining of crude oil due to a number of public statements from the NNPC that they’re much extra comfy importing gasoline from Niger Republic than to do the needful by fixing the refineries on time.”

“HURIWA is conscious that the Nigerian Nationwide Petroleum Company (NNPC) has publicly opened bids for the Engineering, Procurement and Building part of the rehabilitation of the Port Harcourt Refining Firm (PHRC).”