Written by Godfrey AKON

We’ll choose oil assets insurer transparently- Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has assured of a transparent process in the selection of the insurer of the corporation’s oil assets in 2020/2021.

Kyari gave the assurance in Abuja, during the public bid opening for companies that participated in the expression of interest as lead insurer for the corporation’s oil assets for 2020/2021. 

“I am reassuring this country and the rest of our stakeholders that we are poised to make sure that this company acts and works transparently; we will remain accountable to our stakeholders. As a matter of duty for me and the management team, we will deliver on this,” he stated.

The GMD advised participating companies in the bidding process to accept the results as only the best would emerge winner.

Also speaking, the Chief Financial Officer of the corporation, Mr. Umar Ajiya, said a key attribute of an organization like the NNPC was the protection of human assets, adding that the exercise was in pursuance of that objective.

He disclosed that a total of 42 companies submitted bids for the lead insurer contract, adding that each of the bids would be assessed on its own merit.

The bid opening process was witnessed by representatives of the Bureau of Public Procurement, BPP, the Nigeria Extractive Industries Transparency Initiative, NEITI, National Insurance Commission, and civil society organisations to ensure conformity with the public procurement law.



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