IN SHORT: The NNPC Ltd has announced the rehabilitation of the country's pipelines, which have been inactive for years due to vandalism and theft. The company has denied allegations that it awarded the rehabilitation contract to so-called "northern cabals".
On 10 October 2023, the NNPC revealed the four consortia that would fund the rehabilitation of pipelines.
A consortium is a group of organisations, companies or individuals that come together to work on a project that may be too large or complex for any one member to do alone.
The NNPC said the repair was to improve the functionality of pipelines to ensure efficient transportation of crude oil to refineries and distribution of its products nationally.
NNPC denies claims
In a disclaimer published on its official X (formerly Twitter) handle, the company said it had advertised the contracts and selected the four consortia according to “rigorous evaluation criteria and in line with industry norms”.
“The ownership of these strategic national assets remains with NNPC Limited, and we are fully committed to ensuring their continued operation in the interest of over 200 million Nigerians,” it added.
It lists the names of the companies that make up the four consortia, whose sole responsibility is to provide financial support for the project. There is no transfer of control of assets to them.
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