Some Retirees of the Nigerian National Petroleum Company (NNPCL) have called for a forensic audit of the accounts of the Staff Multipurpose Cooperative Societies .
The retirees led by Elder Ante O Ante, said the society will appoint auditors to conduct the forensic audit to ascertain the value of the society.
The complaints, according to him, were exclusively against the management of the Lagos branch of the NNPC cooperative society.
He said, “We are going to appoint auditors to conduct forensic audits over the years for us, so that we will be able to understand and know the true value, or the true and fair value of the Lagos society. That is what we want. So when we know the true value of the society.”
According to him, the press conference has become necessary because the cooperative members have not received their benefits for some years.
“We are here because over the years, we have not received the benefits that we are supposed to receive as members of the co-creative,” he said.
He explained that the essence of the co-creative society is to provide assistance, immediate or emergency solutions to the financial crisis of members.
Ante however lamented that for over 10 years the members, among who are retirees, have not received their dividends even as they sustain the monthly contributions to the cooperative.
His words: “But as we are saying, if not up to 10 years, we have not received the normal dividend from this co-creative. And yet, people have been, we still contribute on a monthly basis.”
He said although congresses of the cooperative should hold twice yearly, there has been no meeting for two years.
Ante recalled that owing to selfish interest crisis broke out among the management team after the last election in December 2022.
Accusing the management team of the cooperative of reckless spending of the savings, he said, “And the executives, I mean those who run the societies, just use our funds as if it is free money.”
He further noted that even the retirees among them cannot access the money because it is unavailable.
The chairman urged the management of the NNPCL to intervene, noting he has tabled the matter before the immediate past Group of Chief Executive Officer, Malam Mele Kyari and the current one, Engr. Bashir Bayo Ojulari.
