NNPC's $6bn Debt to Oil Marketers: PDP Chieftain Sowunmi Demands Accountability*

 

In a shocking admission, the Nigerian National Petroleum Company Limited (NNPC) revealed on Sunday that it owes its petrol suppliers a staggering $6 billion. The company cited financial strains due to petrol supply costs as the reason for the debt. This admission comes after weeks of denial, sparking widespread outrage and calls for accountability.

On Channels Television's Politics Today, Peoples Democratic Party (PDP) chieftain Segun Sowunmi lambasted the NNPC and demanded the immediate sack of its Group Managing Director, Mele Kyari. Sowunmi also criticized President Bola Tinubu's administration, describing it as "incompetent and irresponsible" for its handling of the situation.

The NNPC's debt has far-reaching implications for Nigeria's already beleaguered oil industry. With fuel scarcity and price hikes plaguing the nation, many Nigerians are demanding answers from the government and the NNPC. The Trade Union Congress (TUC) has warned that the petrol price hike will worsen workers' poverty, exacerbating the country's economic woes.

Sowunmi's call for accountability echoes the sentiments of many Nigerians who feel that the NNPC's mismanagement has led to the current crisis. As the country struggles to meet its fuel demands, the NNPC's debt to oil marketers has raised questions about the company's financial viability and its ability to effectively manage the nation's oil resources.

The controversy has sparked heated debates and calls for reform, with many experts advocating for greater transparency and accountability in the oil industry. As the situation continues to unfold, one thing is clear: the NNPC's $6 billion debt to oil marketers has opened a Pandora's box, revealing deep-seated issues that require urgent attention and action.

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