Oshiomhole’s Senate Outburst: Threat to NNPC’s Investment Image
Senator Adams Oshiomhole labelled the Nigerian National Petroleum Company “criminals and thieves” during a Senate committee hearing, prompting his colleagues to distance the institution from his remarks. The upper chamber passed a motion condemning his comments as unsubstantiated and damaging to public trust. NNPC’s former Chief Financial Officer Umar Ajiya debunked the widely circulated N210 trillion claim, revealing actual revenues of N54.5 trillion between 2017 and 2023. He challenged anti-graft agencies to investigate, calling for arrests if wrongdoing is found. Oshiomhole’s own record of airport altercations, public feuds, and multiple corruption petitions has drawn criticism, raising questions about his credibility. Senior senators warned that reckless statements could hurt Nigeria’s reputation and deter foreign investors. With NNPC preparing for an IPO on international exchanges, analysts caution that inflammatory sound bites could hamper financing decisions. Maintaining accurate public discourse, they argue, is essential for safeguarding Nigeria’s economic future.
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