Thursday , August 5 2021
Home / Oil & Gas / NNPC Clarifies Subsidiary Spending on Staff Transfer

NNPC Clarifies Subsidiary Spending on Staff Transfer


National Petroleum Investment and Management Services, NAPIMS, a Corporate Services Unit of the Nigerian National Petroleum Corporation, NNPC, did not spend $9million on staff transfer alone, neither did it commit $2million to vehicles maintenance only.

The $9million 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.


About Gladys Johnson

Gladys Johnson The Publisher/Editor-In-Chief Global Business Drive Phone: +13465619347, +19796619107 Email:,

Check Also

SEPLAT records $28 million profit before tax

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company …

Leave a Reply

Your email address will not be published. Required fields are marked *