Corruption: NNPC Recovers $1.6bn from Companies


Maikanti Baru

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Tuesday said the corporation has recovered $1.6 billion from some companies fleecing one of its subsidiaries.

Baru disclosed this in Abuja while fielding questions from newsmen after a visit by officials of the Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN).

The institute conferred an award of Honourary Fellow and Patron to Baru and solicited partnership with the corporation during the visit.

CIFIPN is an anti-fraud organisation saddled with the responsibility of providing skills to professionals from relevant fields on the use of science and technology to detect, prevent and investigate fraud and also put some measures to prevent future occurrence.

He said that its upstream subsidiary fleeced was the Nigerian Petroleum Development Company (NPDC).

He also said that under his watch, the…

Source: Thisday Newspaper