NNPC Fails to Remit $1.48bn into Federation Account

Nigeria – The Nigeria National Petroleum Corporation, NNPC, is yet to remit $1.48bn into the federation account as directed by PwC, contrary to claims by the minister of petroleum, Diezani Allison-Madueke, that it had.

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Read: Nigeria: NNPC Begins Remittance of Missing $1.5bn to Federation Account

Chairman, Forum of Finance Commissioners of FAAC, Mr. Timothy Odaah, while speaking on the matter during an interview with journalists after this month’s allocation committee meeting, insisted that no amount had been transferred to the account.

He said, “The most important thing is for the public to know that we campaign and demanded for it because it is the money meant for the states and the federal government as well as the local governments.

“Entirely, it is the nation and Mr. President has directed that the money be paid to the federation account including the minister of petroleum but it is important to know that we have not seen anything.”

#Nigeria #NNPC #Madueke

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