The Nigerian National Petroleum Corporation (NNPC)
consolidated on its tradition of openness and on Tuesday with the public
harvesting and opening of 577 bids submitted by firms seeking to secure the
insurance renewal contract for the Corporation’s oil and non-oil assets.
Speaking at the event, NNPC Group General Manager, Risk
Management and Insurance, Mr. Modupe Bameke stated that apart from being a
requirement of the Bureau of Public Procurement (BPP), the public opening of
bids has become part of the Corporation’s tradition aimed at promoting
transparency.
“The essence of this public bid opening is to ensure that
the Corporation complies strictly with the provisions of the Bureau of Public
Procurement Act (BPP). All the bids will be opened in the presence of everybody
to ensure that all entries are properly captured in line with the transparency
principle of the NNPC,” Mr. Bameke said.
Shedding more light on the process, the Group General
Manager, Supply Chain Management, Mr. Shehu Liman, informed that the public
opening bids measure was aimed at providing a level playing field for all
bidding companies.
“The idea is to select broking and insurance companies that
are credible and capable with track records of performance. What this means is
that we are going to eliminate all those transactions that are not necessary,”
Mr. Liman stated.
The breakdown of bidders shows that 245 brokers tendered for
oil assets, 251 brokers tendered for non-oil assets while 37 insurance
companies tendered for oil assets and 44 tendered for non-oil assets.
Representatives of the companies which tendered bids for the
NNPC Insurance renewal programme in whose presence the bids were opened
applauded NNPC for sustaining the culture of transparency and accountability
through the exercise.
The bid opening event had in attendance officials of the
Bureau of Public Procurement (BPP); Nigerian Extractive Industry Transparency
Initiative (NEITI); Nigerian Content Development and Monitoring Board (NCDMB);
and National Insurance Commission (NAICOM) as well as members of the civil
society who served as independent assessors.
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