Why NNPCL allegedly refused to fix refineries, Coalition explains

  • The Coalition for Economic Liberation and Transformation (CELT) has accused NNPCL of refusing to fix refineries
  • The CELTs Executive Director, Henry Owolabi, alleged that NNPCL is profiting from fuel importation
  • Owolabi said the NNPCL fuel-importation has rubbished the Central Bank of Nigeria (CBN)s policies targeted at strengthening the Naira

Coalition accuses NNPCL of profiting from fuel importation
Photo credit: CEFTSource: UGCNNPCL fuel-importing associates have successfully rubbished the Central Bank of Nigeria (CBN)s policies targeted at strengthening the Naira. They mopped up the limited dollars that would have gone into procuring manufacturing-related imports.NNPCLs leadership role in the fuel importation racket perhaps explains why it has deliberately sabotaged the nations investments in the three major government-owned refineries in the last two years. Why would a man who has not allowed our refineries to work be allowed to continue to lead the NNPCL?Niger Delta activists call for sack of NNPCL boss

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