15 Questions
According to the policy, what is the general principle regarding employees accepting gifts or hospitality from business partners?
Employees can accept modest gifts and hospitality on occasion, as a legitimate contribution to good business relationships
What is the purpose of the rules of behavior regarding gifts and hospitality for employees at NNPC Limited?
To protect the reputation of NNPC Limited and its employees
What should NNPC Limited’s employees consider before accepting or offering a gift or hospitality?
Whether the gift or hospitality is a reward for a business transaction
What is the recommended action if the answer to any of the consideration questions is 'yes'?
The gift or hospitality should not be offered or accepted
According to the NNPC Limited Code of Conduct, what is the maximum value of a gift that can be accepted without prior approval?
N100,000 or equivalent
Under what circumstances can occasional invitations to events be accepted without prior approval?
If the events do not exceed N100,000 in value per person and do not extend over a period of more than one day
What type of gifts or hospitality requires management approval according to the NNPC Limited policy?
Gifts or hospitality with a value exceeding the specified limits, events for periods exceeding the length, or occurring more frequently than the norms set out in the policy, and travel or accommodation
In which scenario can special occasions justify more valuable presents or entertainment according to the NNPC Limited policy?
When involving senior NNPC Limited executives and senior external parties
What is prohibited according to the NNPC Limited Code of Conduct in relation to gifts and hospitality?
Accepting gifts or hospitality of an inappropriate nature or in inappropriate venues
What is the maximum value for gifts and hospitality that should be reported to the relevant regulatory and compliance unit?
N100,000
In what manner should all accepted gifts be treated according to the NNPC Limited policy?
Declare and register all accepted gifts in the gift register, regardless of value or whether management approval is required
What should be done if there is doubt about whether a gift is reasonable to give or accept according to NNPC Limited’s core values?
Consult GRC for guidance
What should be done if an offer exceeds the value allowed by the policy according to NNPC Limited’s Code of Conduct?
Consult the line manager for approval before accepting the offer
What is emphasized in relation to giving and receiving gifts and hospitality according to NNPC Limited’s Code of Conduct?
Differentiate between giving and receiving of gifts and hospitality directly or via an intermediary
What aspect should employees consider when deciding what gifts are reasonable to give or accept according to NNPC Limited’s Code of Conduct?
NNPC Limited’s core values and the business counterparty’s rules and practices
Test your knowledge of NNPC Limited's policy on gifts and entertainment with this quiz. Learn about the company's stance on soliciting and accepting gifts and hospitality from business partners and their representatives.
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