EconomyHeadlines Reps summons NNPC, CBN over missing N3.235 trillion By maritimemag November 17, 2020 ShareTweet 0 Peter Olaniyi | The House of Representatives has again summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, and Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele over alleged non-remittance of N3.235 trillion ($19.253 billion) revenue accrued from sales of domestic crude oil in 2014. Chairman, House Committee on Public Accounts, Mr. Wole Oke, issued the directive during an investigative hearing on the audit queries issued by the office of the Auditor General of the Federation (AuGF) for the period under review. The summon came barely 10 days after the NNPC boss refused to honour the invitation sent to him penultimate week, on alleged illegal withdrawals of $20.301 billion from the Nigerian Liquefied Natural Gas (NLNG) dividends account. According to the details of the query, the AGF observed that from the “examination of NNPC mandates to CBN on domestic crude oil sales and reconciliation statement of the technical committee of Federation Account Allocation Committee (FAAC) meeting held in January 2014, a total sum of N3, 234,577,666,791.35 was not remitted to the federation account by NNPC within the period under review.” © 2020, maritimemag. All rights reserved.
Headlines CBN introduces Regulatory Measures to Improve Lending to the Real Sector 14 hours ago21 views
Headlines Navy warns of dangers of travelling as stowaway, arrests 75 Nigerians in the act 14 hours ago21 views
Pipeline surveillance contracts safeguard nation’s oil pipelines, prevent vandalism – Middle-Belt group 1 day ago
