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Senate faults NNPC over under-remittance of N3.8trn from crude oil sales

By Kingsley Okoye/08067555610
Abuja, July 14, 2021 The Senate on Wednesday at plenary faulted the Nigerian National Petroleum Corporation (NNPC) over alleged under-remittance of N3.8 trillion revenue from domestic crude oil sales to the Federation Account between January and December 2015.
It therefore urged the corporation to desist from further deduction at source, as the practice contravened Section 162(1) of the 1999 Constitution (as amended).
It also mandated the Federation Accounts Allocation Committee (FAAC) or any other approving authority to urgently approve agreed percentage which should be allocated to NNPC monthly, as operational cost to prevent its operations from been affected adversely.
Senate’s decision was sequel to the adoption of 59 recommendations contained in the report of its Committee on Public Accounts on the Annual report of the Auditor-General for the Federation on the Accounts of the Federation for the year ended Dec. 31, 2015. ....

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Senate Asks NPA, BPE, 57 Others to Refund N300bn

Senate Asks NPA, BPE, 57 Others to Refund N300bn
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Audit report: Senate asks NNPC, NPA, BPE, 56 others to refund N300bn

Audit report: Senate asks NNPC, NPA, BPE, 56 others to refund N300bn
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Senate faults NNPC over under-remittance of N3.8trn from crude oil sales

Senate faults NNPC over under-remittance of N3.8trn from crude oil sales
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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След изборите: до редовните избори ще се гласува пропорционално

След изборите: до редовните избори ще се гласува пропорционално
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