Recovering N94tn unremitted fund, solution to economic crisis – Falana

Punch Newspapers
Sections
Adelani Adepegba  and Samson Folarin
Published 30 April 2021
Published 30 April 2021
Human rights lawyer, Femi Falana, has asked the Federal Government to compel the Nigerian National Corporation to return unremitted funds between 2010 and 2014 and another N94tn held by oil operators.
Falana noted that the announcement by the NNPC that there was no money to remit into the federation account next month amounted to blackmailing the government into accepting deregulation policy of the downstream sector.
The human rights lawyer spoke in Abuja on Thursday at a lecture delivered in honour of Prof Omotoye Olorode.
He stated, “The Auditor-General of the Federation has revealed that between 2010 and 2014, $16bn worth of crude oil was not accounted for by the NNPC. Also, the Revenue Mobilisation and Allocation Commission and NEITI have come out to say that the NNPC has failed to remit to the federation account about $22bn dividends paid by the LNG.

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