The Nigerian National Petroleum Company (NNPC) Limited has denied reports that contracts for the rehabilitation of pipelines across the country were awarded to a “northern oil cabal”.
NNPC, on Sunday, said the selection was not conducted solely by the firm, as the Bureau of Public Procurement (BPP), Infrastructure Concession Regulatory Commission and the Nigeria Extractive Industries Transparency Initiative (NEITI) were involved.
“To re-emphasise our commitment to transparency, NNPC subjected the selection process to a competitive tender guided by Bureau of Public Procurement (BPP) standards, Infrastructure Concession Regulatory Commission expertise, and the active involvement of a Transaction Advisor,” a statement signed by the management said.
Source: TheCable.
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