By Emeka Mamah

KADUNA – The Nigerian National Petroleum Corporation, NNPC  has denied ever owing the three tiers of the government N450 billion as being orchestrated by the government.

NNPC’s Group Public Relations Manager, Dr.  Livi Ajuonuma who made this known during an NTA programme yesterday night said that the three tiers of government owed the corporation about N1.156 trillion saying that the debt accrued from importations of petroleum products undertaken for government by the corporation at high prices to cushion the effect of fuel scarcity in the country.

“We have always argued that we do not owe the government. Rather, it is the government that has not paid the debt it owes us the tune of N1.156 trillion.

“The NNPC is solvent and we can still meet our financial obligations to our customers”, he said.

According to Dr. Ajuonuma, it was incorrect for the government to accuse the NNPC of owing the government when in actual fact, the corporation imported fuel for it at different times and it failed to pay for the transactions.

He stressed that the Ministry of Petroleum Resources and the various arms of government were aware that the government owed the NNPC but it refused to pay.

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