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Article

10 Sep 2015

Author:
Martins Bruce, Eagle (Nigeria)

Nigeria: NGO criticises NNPC for opaque contracting with companies previously alleged to have evaded tax

'NNPC interim crude swap agreement lacks transparency, says ANEEJ', 10 Sep 2015: The Africa Network for Environment and Economic Justice (ANEEJ)…has criticized the…contract[s] entered into…by the Nigeria National Petroleum Corporation (NNPC)…with…Joint-Venture companies — one with Swiss trader Vitol called Calson and the other with…Trafigura called Napoil. The other two are…between…BP and Nigermed…and NNPC’s trading arm Duke Oil Company with Sahara Group…“…The process of engaging the…companies was not open and competitive and did not…take into account Civil Society Observation as espoused in NEITI…and other statutes…enacted to mainstream transparency and accountability into Nigeria’s extractive industries.” says Executive Director of ANEEJ, Rev. David Ugolor. “We are further alarmed that the same Geneva companies Trafigura and Vitol reported in the Bern Declaration Report…to have…partnerships with the NNPC are the same companies that…carried out…operations…shrouded in opacity that involve…subsidiaries…in tax heavens.” Ugolor said…“…[T]he…agreement is in sharp contrast with the agenda…to rid the nation’s Oil and Gas industry…of corruption responsible for the…nation[‘s]…frightening poverty,”…[Ugolor] said…