Companies & Finance

Nigerian government sets up committee to investigate corruption at NNPC

Nigeria has set up a committee to investigate claims of corruption within state-owned Nigerian National Petroleum Corp.
By Staff reporter 6 October 2017 0 27877

The government of Nigeria has set up a committee to investigate claims of corruption within state-owned Nigerian National Petroleum Corp. (NNPC), Reuters has reported.

The claims were made by Ibe Kachikwu, Nigeria’s minister for petroleum, in a strongly worded letter to President Muhammadu Buhari that was subsequently leaked on social media. In the letter, Kachikwu takes particular issue with NNPC’s group managing director, Maikanti Baru, who Kachikwu said regularly carries out decisions without the approval of the company’s board.

The committee will also investigate Duke...