NNPC Plc – Nigeria Should Take NNPC Public To Boost Transparency

A new probe has raised an alarm that there may be new funds “hiding” somewhere in NNPC (Nigerian National Petroleum Corporation) which are yet to be remitted to the Federation Account. (NNPC is the oil corporation through which the federal government of Nigeria regulates and participates in the country’s petroleum industry.) The missing amount is estimated to be worth N30 billion. An account reconciliation activity for crude oil transactions found gaps in the corporation’s reporting and remittances to the Federation Account for the month of October 2017. State governments had boycotted the Federation Account Allocation Committee (FAAC) meeting on November … Continue reading NNPC Plc – Nigeria Should Take NNPC Public To Boost Transparency