In a statement, its Chief Corporate Communications Officer, Olufemi Soneye, while responding to allegations against the company, also refuted claims that the NNPCL has not remitted funds into the federation account since January.
Soneye, however, acknowledged that it is normal to owe at one point or the other since the oil trading business, transactions are carried out on credit.
The statement also dismissed reports that the NNPC had not remitted any money to the Federation Account since January, adding that the company and all its subsidiaries remit their taxes to the Federal Inland Revenue Service, FIRS regularly.
On the issue of quality/quantity fiscalization of imported petroleum products, Soneye said the NNPCL has no role whatsoever as it is not a regulator.
According to him, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is the relevant regulatory agency in charge of such issues, is an independent body and does not report to the NNPCL.
