NNPC Paid Militants 1.4 Billion Naira.

IT may not be news that government or its agencies reach out to militant groups who take hostages for ransom. What may be curious, however, is the price paid to pacify some of the deviants like the Nigerian National Petroleum Corporation's (NNPC) experience.

Yesterday, NNPC's Group Managing Director (GMD), Abubakar Lawal Yar'Adua, admitted that the corporation held talks with the militants and even paid them N1.4 billion ($12 million) in the two months before they allowed the corporation to repair a damaged oil facility in Delta State.

Yar'Adua in his testimony before the House of Representatives Committee on Finance probing revenue earnings and remittances to the Federal Government, said that the action was to stop further loss of revenue by the government.

Yar'Adua who led management of the NNPC to the public hearing, said that the Charmoni facility attacked by the militants is operated by the Nigerian Petroleum Development Company (NPDC), the corporation's major revenue earning subsidiary. He said the NNPC paid the money to the militants because attempts to put the facilities onstream were threatened by gunmen and "the management had to negotiate with them."

http://www.guardiannewsngr.com/news/article01//indexn2_html?pdate=230708&ptitle=NNPC%20pays%20militants%20N1.4b
 
 Comment on the above news.

Posted: at 5-08-2008 12:44 AM (16 years ago) | Newbie

these militants arent fighting for what they claim.there are 2 options,i sure guess they are graduates out of work trying to make money with political backings.it so sad..and we keep losing money cause of these guyz....10 billion per day(heard dis it on national news)

Posted: at 5-08-2008 10:37 AM (16 years ago) | Gistmaniac

for them and their godfathers

Posted: at 5-08-2008 04:39 PM (16 years ago) | Gistmaniac

make i go collect my share of the oil windfall..............Niger Delta wadoooooooo.

Posted: at 6-08-2008 09:44 PM (16 years ago) | Newbie

Checkout those who pay this money,they are  involved

Posted: at 12-08-2008 03:18 PM (16 years ago) | Gistmaniac

make dem give me that money i go help them eradicate the militants

Posted: at 13-08-2008 12:39 AM (16 years ago) | Newbie

Noted....

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Posted: at 23-06-2012 02:31 AM (12 years ago) | Hero

Na to carry gun remain

Posted: at 3-09-2013 01:19 PM (11 years ago) | Upcoming