NNPC Has Not Remitted One Kobo To The Consolidated Revenue Fund For Years – Reps

Following the denial of the Nigerian National Petroleum Corporation (NNPC) of allegations of failure to remit the sum of N6 trillion into the Consolidated Revenue Fund, the House of Representatives has fired back at the oil corporation, describing their actions as irresponsible.

The House had detailed its committee on Finance to investigate the revenue generating agencies of government over allegation of unremitted funds into the treasury, while the committee claimed that NNPC failed to remit the sum of N6 trillion from 2009 till 2012. But the NNPC had reportedly dismissed the claim of the lawmakers, noting that they were only pursuing a hidden agenda and as well out to embarrass the corporation.

Meanwhile, Chairman of the committee, Honourable Abdulmumuni Jibrin, while briefing newsmen, reiterated the earlier claim that the corporation had shortchanged Nigerians by not remitting about N6 trillion due to government. According to him, “our biggest challenge is the NNPC. It has never remitted one kobo to the consolidated revenue fund over the years… If this is the case, since pipeline vandalism started, NNPC has not computed the loss, especially the quantity, the value in monetary terms and forwarded same to government,” he said.