Derivation okowa doubts funds declared by nnpc

It seems like you're referring to a news article or a statement made by Okowa, the Governor of Delta State, regarding doubts about the funds declared by the Nigerian National Petroleum Corporation (NNPC).

For those who may not be aware, the NNPC is the state-owned oil company of Nigeria, responsible for the exploration, production, and distribution of petroleum products in the country. The corporation is required to declare its financial statements and accounts to the public, which includes the funds it generates from its operations.

It appears that Governor Okowa has expressed doubts about the accuracy of the funds declared by the NNPC, possibly suggesting that the corporation may be hiding or misrepresenting its financial information.

Here are some possible reasons why Governor Okowa might have expressed doubts about the NNPC's financial declarations:

  1. Lack of transparency: The NNPC has been criticized in the past for lacking transparency in its financial dealings. Governor Okowa might be suggesting that the corporation is not providing sufficient information about its financial activities, making it difficult to verify the accuracy of its declarations.
  2. Inconsistencies: There might be inconsistencies in the NNPC's financial declarations, which could raise suspicions about the accuracy of the information. Governor Okowa might be pointing out these inconsistencies and questioning the credibility of the corporation's financial reports.
  3. Underreporting: It's possible that the NNPC is underreporting its financial earnings, which could be a concern for the government and the people of Nigeria. Governor Okowa might be suggesting that the corporation is not declaring all the funds it generates, which could have implications for the country's economy and development.
  4. Lack of accountability: The NNPC has been accused of lacking accountability in its financial dealings. Governor Okowa might be suggesting that the corporation is not held accountable for its financial actions, which could lead to mismanagement of funds and other financial irregularities.

It's essential to note that these are just possible reasons and not necessarily the actual reasons behind Governor Okowa's statement. Without more information, it's difficult to determine the specific concerns he might have raised.

In any case, it's crucial for the NNPC to maintain transparency and accountability in its financial dealings to ensure the trust and confidence of the public and the government.