— ( “We always bring it to the burner anywhere we go, that this money has to be remitted to the federation account.”– NEITI )
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Nigerian National Petroleum Corporation (NNPC) is yet to remit $15.8 billion collected from Nigeria Liquefied Natural Gas (NLNG) to the federation account.
Speaking in Abuja on Tuesday, Peter Ogbobine, legal director of the agency, disclosed that the figure was the accumulation from 2000 to 2014.
He said although NEITI had presented a report to that effect, no action had been taken against NNPC.
“When NLNG started operating, it paid dividend to the NNPC but the corporation was claiming that it was supposed to be the owner of the shares in NLNG and not the federal government,” Ogbobine said.
“When NLNG pays the money to the NNPC, it used some of it to run its operations.
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NNPC still holding FG’s $15.8bn, says NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Nigerian National Petroleum Corporation (NNPC) is yet to remit $15.8 billion collected from Nigeria Liquefied Natural Gas (NLNG) to the federation account.
Speaking in Abuja on Tuesday, Peter Ogbobine, legal director of the agency, disclosed that the figure was the accumulation from 2000 to 2014.
He said although NEITI had presented a report to that effect, no action had been taken against NNPC.
“When NLNG started operating, it paid dividend to the NNPC but the corporation was claiming that it was supposed to be the owner of the shares in NLNG and not the federal government,” Ogbobine said.
“When NLNG pays the money to the NNPC, it used some of it to run its operations.
READ MORE
NNPC still holding FG’s $15.8bn, says NEITI
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