NNPC Denies Funding Buhari’s Election With Bribes From Oil Contracts

Abuja – The Nigerian National Petroleum Corporation (NNPC) has denied the allegation that funds from oil contracts from the corporation might have raised to sponsor Nigeria’s elections.

The allegation is referring to Nigeria’s past two general elections held in 2015 and 2019.

This was made available to newsmen on Saturday by the Group General Manager, Group Public Affairs Division, NNPC, Mr Garba-Deen Muhammad, who refuted the allegation.

Photo: Wikipedia

The contest was mainly between former president Goodluck Jonathan and President Muhammadu Buhari in 2015, and between Buhari and former Vice-President Atiku Abubakar in 2019.

Bloomberg had reported that an ex-BP Plc oil alleged that cargo allocations by the NNPC could have contributed to preparations for general elections in 2019.

The report also revealed that former Glencore Plc employee admitted paying a middleman $300,000 to secure a crude shipment from the NNPC, alleging the money would be spent on the nationwide election.

Mr. Garba-Deen Muhammad said the allegation is not true and if people read with open mind will obviously understand it.

“[It’s] not true, and I think that is obvious if you read the story with an open mind,” he said via a text message.


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Jonathan Zarembok, who left BP’s West Africa last year, saying in the suit that he suspected that fees paid by the United Kingdom energy giant to obtain to the corporation contracts would go towards the 2019 elections.

In a law suit against BP, he alleged that he was fired for raising concerns about the large funds transferred to intermediaries to win business in Nigeria.

According to Punch, Bloomberg revealed that emails discussed on how the preparations for elections would get under way in 2018. “We understand what that means,” the executive wrote.

“BP is defending in full and denies all allegations made by the claimant,” Bloomberg quoted the company as saying in a statement.

NNPC To Begin Sale Of Shares To Public In 2024, Says Kyari

Meanwhile, Mr. Mele Kyari, The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has stated that the corporation can issue its Public Offer to investors in 2024.

Kyari revealed this during an interview on Bloomberg TV Global Financial News on Monday.

Speaking on the effect of the PIA on the NNPC, Kyari said they would operate in line with the Companies and Allied Act.

Abdullahi Abubakar

Abdullahi Abubakar is a graduate of the University of Maiduguri.He is a teacher and passionate about Journalism and writing in general. He works with Today Post as a senior Editor and is currently living in Gombe.

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