T
|
he Nigerian National Petroleum Corporation (NNPC) is in
the middle of another corruption scandal following the revelations that the
body is yet to remit about N1.78 trillion accruing from crude oil sales into
the government’s coffers.
National Daily gathered that
from January 2016 to September 2017, NNPC has about N460. 649bilion yet to be
remitted into the Federation Account.
Following the revelation, some States of the
federation have demanded an update from the NNPC on about
$172,913,617.30million outstanding payments from the NLNG Feedstock sales,
Chevron Cheetah Project, Royalty Oil Sales Value lifting by TEPNGA MCA, RDP
Price Review and others.
But, the Minister of Finance, Mrs. Kemi
Adeosun, who inherited the challenge of reconciliation between the states and
NNPC at the FAAC, is said to be addressing the matter.
Meanwhile, the NNPC is insisting that FAAC
owes it about N797billion, being cost of product and pipeline losses. It has
asked the FAAC to give it a three-month grace to compile the lost data from its
area offices as demanded by states and to complete a forensic audit of same.
Although the three-month period will lapse by
the end of November, the states are insisting that there will be no FAAC
meeting until the non-remittance of the N1.78trillion is resolved.
Investigation revealed that the states had
raised concerns over the NNPC’s outstanding N1.78trillion at the FAAC
Post-mortem Sub-Committee meeting on October 23 but the Federal Government did
not know that it would degenerate to a likely boycott of the FAAC meeting last
Thursday.
According to a document signed the Chairman,
FAAC Post-mortem Sub-Committee, Dr. Casimir I. Anyanwu, it raised eight issues
for the NNPC to clarify. They include the non-payment of N1.78trillion into the
Federation Account.
About N1.32trillion revenue from 2010 to 2015
is yet to be remitted by NNPC; about N460.649 has been unpaid between January
2016 and September 2017 bringing the total to N1.78trillion.
The document said: “The Gross Domestic Crude
Revenues between 2010 and 2015 amounted to N5, 351,114, 508, 433.79(trillion);
the PPPRA’s certified NNPC subsidy from 2010 to 2015 was N4, 026, 369, 698,
361.62(trillion) and the Net outstanding revenues due to Federation is
N1,324,744, 810,072.12(trillion).
The NNPC is said to be holding on to some
outstanding payments because FAAC is yet to refund the N797billion it incurred
as product and pipeline losses. But this claim has been faulted by states
because there is no proof from the oil giant.
All the stakeholders are said to be demanding
a forensic audit of NNPC’s losses and how these led to the N797billion bill.
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