NNPC Denies Non-remittance of N4 .76trn into Federation Account

By: Hamilton Nwosa
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The Nigerian National Petroleum Corporation (NNPC) has denied non remittance of N4.76 trillion to the federation account as claimed by the 2016 report of the Office of Auditor -General of the Federation (OAGF).

Mr Umar Ajiya, NNPC Chief Financial Officer, said this when he appeared before Senate Committee on Public Accounts to defend queries raised by AOGF against the corporation.

Umar said that the issue in question had to do with domestic crude that NNPC lifted to either refine and sell in exchange for refined products imported to the country.

NAN

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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