Oil unions, others receive over N1bn in donations –  Reports

Bisola David
Bisola David
NNPCL debunks plans to increase fuel price

The Nigerian National Petroleum Company Limited has stated that it donated N1.65 billion to different charities over the course of 16 months, with additional funds not disclosed.

The PUNCH reported that NNPCL consolidated and separate financial statements for the period of September 2021 to December 2022 included this information.

NNPCL noted in the report that “during the 16-month period ended 31 December 2022, the Group and Company donated a total sum of N1.3 billion and N314 million, respectively to various charitable organizations, higher education institutions, and other organizations.”

The Nigerian Bar Association, the Nigerian Annual International Conference and Exhibition, the Nigerian Society of Engineers, the Nigerian Institute of Chartered Arbitrators, the Nigerian Union of Petroleum and Natural Gas Workers, the Peace Builders Association, KASU Academic Research Centre, Delta South Deaf Sports Association, Nigeria Association of the Blind Day, and the Nigerian Union of Petroleum and Natural Gas Workers are a few of the organizations that will benefit from the donations.

According to the report, the corporation and the group awarded N2 million to the champions of the NNPC National Quiz.

Association received N5m; KASU Academic Research Centre got N1m; Delta South Deaf Sports Association, N1m; Nigeria Association of the Blind Day, N1m; the Nigerian Bar Association, N1m; the Nigerian Annual International Conference and Exhibition, N1m; the Nigerian Society of Engineers got N2m and the Nigerian Institute of Chartered Arbitrators, N2m.

According to the research, throughout a 16-month period, N1.57 billion in donations were given to the so-called “Others.”

“No donation was made to any political party during the period,” the NNPCL clarified in the interim.

According to prior reports, the petroleum corporation spent an estimated NN2.9tn between September and December on payroll, entertainment, bank fees, operating costs, and other expenses between September 2021 and December 2022.


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