NAPIMS denies spending $11bn on staff transfer, vehicles

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

The $9 million 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 $2 million 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 clarified 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,” it stated.