NNPC Selects Lead Insurer For Oil Assets

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….Promises transparency and merit

Nigerian National Petroleum Corporation (NNPC) has assured that only the most eminently qualified company from the 42 companies, who submitted bids for the lead insurer contract, would emerge in the recent bid-opening round conducted by the apex oil company in Abuja.

To ensure conformity with the public procurement law, the bid opening exercise, which held at the NNPC Towers Abuja, was witnessed by the representatives of the Bureau of Public Procurement (BPP), the Nigeria Extractive Industries Transparency Initiative (NEITI), National Insurance Commission, and civil society organisations.

The group managing director, Mallam Mele Kyari, said the selection of insurer for the Nigerian National Petroleum Corporation’s (NNPC) assets in the 2020/2021 would be transparent, just as is the practice in other areas of the corporation’s operation nationwide. He assured companies that participated in the expression of interest as lead insurer for the corporation’s oil assets for 2020/2021 of fair play and transparency  

“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”, the GMD stated.

He advised the companies that participated in the bid to accept the results as only the best would emerge winner. Also speaking at the event, 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.

Chibisi Ohakah


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