By Daniel Edu
The Nigeria National Petroleum Company (NNPC) Ltd has officially denied any intentions of relocating its headquarters from Abuja to Lagos.
During an investigative hearing on allegations of corrupt acquisition of OVH Energy by NNPC, the Group Chief Executive Officer, Mele Kyari, refuted the claims before an ad hoc committee of the House of Representatives.
Kyari clarified that despite being a private company registered with the Corporate Affairs Commission, NNPC had no plans to shift its headquarters to Lagos. He explained that the misconceptions might arise from the fact that a significant portion, about 70 percent, of the company’s operations are conducted in Lagos.
He further mentioned that NNPC Ltd had streamlined its operations and placed the right personnel where they were needed to function effectively. The official registered headquarters of NNPC Ltd remains in Abuja.
Kyari emphasized that in any merger and acquisition process, it is essential to allow the dominant culture to take precedence, such as a commitment to service. This, he stressed, was precisely what NNPC Ltd was actively implementing.
“Merger and acquisition come with challenges, but we are minimizing their impact to ensure the continued success of the business. We are taking every step to ensure that this transition has no adverse effects and, in fact, adds value to our operations,” Kyari stated.
