NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

NNPC, NPDC yet to remit $21 billion revenue: NEITI

By News Express on 05/04/2017

Gmail icon

Views: 1,110

•NEITI Executive Secretary Waziri Adio.
•NEITI Executive Secretary Waziri Adio.

The Nigeria Extractive Industries Transparency Initiative (NEITI), has asked the Federal Government to reclaim accumulated funds disclosed by its independent reports between 2010 and 2014.

The report says only a part of the over $21 billion unremitted funds by the Nigerian National Petroleum corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC) can jump-start the nation’s economy.

The Executive Secretary of NEITI, Mr Waziri Adio, told journalists in Abuja at its March policy brief, that no action had been taken against NNPC, despite NEITI’s reports.

“NLNG dividends account for $15.8 billion – this is NLNG dividends of over 15 years from the year 2000 to 2014. NLNG had records that they paid this money to NNPC and NNPC does not dispute that they received this money but the money did not go to federation account.”

The extractive industry revenue watchdog stated that there is a lot of money involved; which if returned, can help the nation get out of its current economic situation. (Channels TV)

Source News Express

Posted 05/04/2017 5:19:46 PM

 

 

CLASSIFIED ADS

 

You may also like...
Work commences on Lagos-Ibadan fast train rail line...

Why Nigeria may continue to experience air crashes...

NBA President’s N1.4bn case suffers setback as another...

Neglect of internet speed leaves Nigeria at 107th...

NAF set to commence local fabrication of aircraft...

Heavy go-slow as truck blocks Lagos – Abeokuta...

Elections: Ekiti Assembly proceeds on 5-week recess

NAHCON scores Kaduna Hajj pilgrims high

Mali: Humanitarian situation in the north, hovering between...

Economist urges Buhari to overhaul economic model

CBN boosts forex market with $210 million

45 Garlands for Dakuku Peterside, Democrat on a...

 

Latest News Kidnappers abduct Police DPO, demand N50m ransom Varsity student in viral sex video expelled Kogi West: Melaye storms INEC office with 21 video clips; demands cancellation Teenager in court for allegedly kidnapping minor Sex position, duration don’t determine child’s gender - Expert Controversial oil deal: Adoke's lawyer confirms arrest in Dubai Police recruitment: Court fixes date to give verdict on PSC suit Illegal refineries discovered in Kano Many injured as NURTW, RTEAN clash in Lagos Suspected Boko Haram fighters burn down health centre in Yobe Five policemen collected N700,000 from me via POS - Victim Seven men of Nigerian origin arrested for romance scam in US

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (564,058 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,892 views) Shameless Genevieve Nnaji exposes breasts in public (402,169 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,668 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (304,218 views) 10 cars more expensive than Jets (282,688 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (259,244 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,469 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,997 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,405 views) Lagos plane crash: Journalist releases victims’ names (201,815 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,465 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (110) Business & Economy (4,579) Business Verdict (87) Columnists (1,145) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (706) Features (845) Global Business Monitor (493) ICT Monitor (68) International (4,224) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (490) News (54,190) Opinion (1,422) Pidgin (17) Politics (11,778) Religion (1,122) Sports (2,229) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera