The Nigerian National Petroleum Corporation (NNPC) has denied the report that it was aware that some banks did not remit funds into the treasury single accounts (TSA) as directed by the Federal Government. The agency said reports that it colluded with the banks are false. In a statement by Ndu Ughamadu, Group General Manager, Group... Read More

banks, collude, nnpc, remit, TSA

April 18, 2017

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How NNPC failed to remit $81.2bn in four years – Reps

by Azeez Adeniyi The House of Representatives has alleged that the Nigerian National Petroleum Corporation (NNPC) did not remit $81.2bn from crude oil sales to the Federation Account in four years. An ad hoc committee investigating the alleged export of $17bn worth of undeclared crude oil and gas resources had uncovered the non-remittance. The committee’s... Read More

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$82.1bn, Federation Account, House of Representatives, nnpc, remit

May 23, 2016

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How NNPC failed to remit $3.8bn, N358.3bn to FG in 2013

A recently released report by the Nigeria Extractive Industries and Transparency Initiative (NEITI) has alleged that the Nigerian National Petroleum Corporation failed to remit $3.8 billion and N358.3 billion to the Federation account in 2013 This was disclosed by the Chairman of NEITI, Kayode Fayemi, while presenting the 2013 audit reports of the agency in... Read More

The News Blog

: Gas & Oil, 2013, FG, losses, NEITI, nnpc, Oil, remit, revenue