• Ex- GMDs raise alarm over NNPC debt

    Ex- GMDs raise alarm over NNPC debt

    The Group Managing Director of the National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, and the former GMDs of the Corporation including the immediate past GMD and the current Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, yesterday raised the alarm over its debt profile.

    They advised that as a matter of urgency, NNPC should establish the true state of its current financial status and immediately decide on the most appropriate capitalisation model.

    The former corporation’s chiefs had a one-day […]