NNPC Saves Over $3bn From Arbitrations – Kyari

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC),  Mele Kyari, says the corporation saved more than three billion dollars from arbitrations.

Kyari made this known in a statement signed by the acting spokesman for the corporation, Mr. Samson Makoji, in Abuja on Tuesday.

NAN reports that the GMD spoke during a Town Hall meeting that also involved the participation of the corporation’s outstation members of staff.

He commended the management of the corporation’s Legal Division for the savings, saying due diligence accounted for the feat.

Kyari urged the corporation’s workforce to redouble its efforts to ensure that the nation reaped bountifully from its vast hydrocarbon resources, which the National Oil Company had the mandate to superintend.

He added that the corporation needed to increase its level of efficiency, reduce cost and increase revenue across the value chain of its businesses within the shortest possible period.