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We spent N966bn on pipeline repairs, NNPC replies AuGF

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Sunday Aborisade, Abuja
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015.
NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the Federation
The Chairman of the Senate Public Account Committee, Senator Mathew Urhoghide, is currently scrutinising the AuGF report.
The Senate panel insisted that the NNPC had a case to answer on why it allegedly failed to remit N4tn into the federation account as contained in the AuGF report.
Part of the AuGF report read, “It was observed from the examination of NNPC report to Technical Sub- Committee of the Federation Account Allocation Committee meeting held in December 2016 that a cumulative total of N4.08tn remained unremitted to the Federation Account by the NNPC as at 31st December 2016. ....

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N49.68bn spent on pipeline repairs in 10 months – NNPC

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’Femi Asu
With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation spent almost N50bn to repair and manage pipelines in 10 months.
The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020.
The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.
It spent N1.80bn in July; N1.49bn in August; and N4.41bn in October. No repairs and management cost was incurred in September, the report showed. ....

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