President Bola Tinubu has warned the Board of the Nigerian National Petroleum Company Limited (NNPCL) that non-performance will not be tolerated.
The President, who inaugurated the Board of the NNPCL at the State House on Monday, also warned that conduct suggesting a sense of entitlement will not be tolerated.
The Presidential Spokesman, Ajuri Ngelale in a statement noted that the President said the Board could be dissolved without prior notice to members over non-performance, adding that corporate social responsibility for the Niger Delta should be taken seriously, considering the devastating effects of oil exploration and exploitation on the environment.
In his remarks, the Chairman of the Board, Pius Akinyelure, commended the President for the removal of petrol subsidy, noting that the nation would have drowned in debt, but for his decisiveness.
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