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News

NNPC, Customs. NPA, FIRS, NIMASA, others failed to remit N8trn into federation account from 2010-2015, NEC says

written by Samuel Etuk May 18, 2018
NNPC, Customs. NPA, FIRS, NIMASA, others failed to remit N8trn into federation account from 2010-2015, NEC says

The National Economic Council (NEC) has said the Nigerian National Petroleum Corporation (NNPC) and 15 other revenue-generating agencies under-paid $21 billion and N526 billion to the Federal Government between 2010 and 2015.

Gombe State Governor, Ibrahim Dakwambo, who briefed State House reporters Thursday after the NEC meeting chaired by Vice President Yemi Osinbajo, said the council adopted the final report of the KPMG audit or revenue-generating agencies submitted to the NEC adhoc committee and ordered the indicted agencies to refund the funds.

Other agencies indicted included the Nigerian Customs Service, the Nigerian Maritime Administration and Safety Agency, the Nigerian Customs Service, the Federal Inland Revenue Service and the Nigerian Petroleum Development Corporation.

The Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney-General of the Federation and the Legal Committee of the National Economic Council for further action.

The Council also resolved to pursue strengthening of the NNPC governance structure to prevent further recurrence of such gross under-remittance by the NNPC and other RGAs.

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Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

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