The Nigerian National Petroleum Company Limited (NNPC Ltd) has described as false the news making the rounds that President Bola Tinubu has approved its request to utilize the 2023 final dividends due to the federation to pay for petrol subsidy.
Persecondnews authoritatively reports that the Nigerian leader is yet to accede to the request of the national oil company to use dividends from 2023 to offset payments of petrol subsidy.
The Chief Corporate Communications Officer of NNPC Ltd., Mr. Olufemi Soneye, said on Monday, in his response on WhatsApp to a Persecondnews correspondent said: “Not at all. It’s not official.”
TheCable had reported that Tinubu has approved a request by NNPC Ltd. to utilize the 2023 final dividends due to the federation to pay for petrol subsidy.
It also reported that the president has approved the suspension of 2024 interim dividend payments to the federation in order to increase NNPC’s cash flow.
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