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NNPC denies plans to spend N414mn on NGMC headquarters relocation

-By Yange Ikyaa

The Nigerian National Petroleum Corporation (NNPC) has described as untrue insinuations that plans are afoot to relocate its gas trading subsidiary, the Nigerian Gas Marketing Company Limited (NGMC), from Warri to Abuja.

The national oil company also affirmed that the purported plans to spend N414 million, orN120million as yearly rent and another N294million to relocate NGMC to Abuja, are false and should be discountenanced by members of the public.

NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, stated in a release today in Abuja that the clarification came in the wake of a misleading report on the purported relocation and allocation of the huge sums of money for that purpose as broadcast in the social media by a group.

Ughamadu described the misinformation by the group as malicious and capable of inciting the public, particularly NGMC’s host communities, against the company.

He affirmed that NGMC remained committed to staying and executing it business operations in the Niger Delta, saying the company was poised to sustaining the existing relations between it and its esteemed stakeholders and members of the public.