URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    ”You’ve Lost Touch With Realities, CUPP Tells President Tinubu
    September 12, 2024
    Edo Guber: Your Neutrality is Needed-Jonathan Appeal to INEC, Security-Personnel
    September 20, 2024
    Despite What Some Think, Some Politicians Not Motivated By Money While In Office-Dogara
    September 27, 2024
    Latest News
    Why ADC Coalition Will Be Decimated Before 2027-Buba Galadima
    September 16, 2025
    2027: Salvador, Ex-Senatorial Candidate of LP, Joins ADC In Lagos
    September 14, 2025
    APC Blasts Aregbesola Over Aso Rock, Lagos Takeover Comment, ‘Says From Landlord To Tenant
    September 14, 2025
    You Can’t Subdue the Institution- Sen Zam To Natasha On WhatsApp Group
    September 11, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: $6billion Debt: Atiku Slams NNPCL, Says Its Layers of Deceit
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Discover > $6billion Debt: Atiku Slams NNPCL, Says Its Layers of Deceit
DiscoverPoliticsUncategorized

$6billion Debt: Atiku Slams NNPCL, Says Its Layers of Deceit

urbanexpresslive
Last updated: September 2, 2024 6:03 am
urbanexpresslive
Share
2 Min Read
SHARE

Olusegun Ariyo

Former Vice President, Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency following the company’s admission of a $6 billion debt to petrol suppliers.

This admission made public on Sunday, September 1, has explained the fuel scarcity that has plagued the nation for six weeks.

The Chief Communications Officer of NNPCL, Mr. Olufemi Soneye, confirmed the debt, highlighting the severe financial strain it has imposed on the company’s operations.

“NNPC Ltd has acknowledged recent reports regarding its significant debt to petrol suppliers. This financial strain threatens the sustainability of fuel supply,” Soneye stated.

He assured that NNPCL remained committed to its role as the supplier of last resort, as outlined in the Petroleum Industry Act (PIA), and is working with government agencies to ensure a consistent supply of petroleum products nationwide.

Reacting to this development, Atiku expressed deep concern over the situation through his media aide, Phrank Shaibu.

“What has become of these fictitious or phantom profits you once proudly proclaimed? Layers of deceit and lack of transparency have brought you to this unfortunate juncture,” Atiku said in a terse statement via X.

He further accused President Bola Tinubu’s administration of driving the NNPC to ruin, describing the current actions as the “ruthless dismantling of its assets.”

You Might Also Like

‘Not Party of My Dream-Rapper MI Abaga Says he regretted Supporting APC

Four-Year Term Remains Sacrosanct, PDP Chieftain, Ulasi Says Obi is Honest

Why Ukraine’s Foreign Affairs Minister Criticises Putin’s Ceasefire, Says 30 Hours Instead of 30 Days’

Yahaya Bello, Akpabio’s Conspiracy Against Sen Natasha  Has Ran Into Problem

Sallah: Tinubu’s Eid-el-Kabir Message to Nigerians

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article PSC Elevate 31 ACPs To DCP, Other Senior officers
Next Article We Need Swift Investigation of Petrol Importation Now, Falana Tells FG
Leave a comment Leave a comment

Leave a Reply Cancel reply

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

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

UCL: Why Kompany Reacts To Maresca’s Treatment of Sterling At Chelsea
Urban Sports September 17, 2025
EPL: Why Aina Vows To Bounce Back Stronger From Injury Setback
Urban Sports September 17, 2025
UCL Champions League for the Big Boys-McManaman  Slams Eze’s Performance Against Bilbao
Urban Sports September 17, 2025
Champions League: Very Satisfied-Alonso Singles Out Two Real Madrid Players After Marseille Win
Urban Sports September 17, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account