The
Director Legal of the Nigeria Extractive Industries Transparency
Initiative has said the NNPC is yet to remit about 15.8 billion dollars
to the Federation account.
Maikanti Baru, NNPC GMD
The Nigeria Extractive Industries Transparency Initiative (NEITI)
says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8
billion dollars collected from Nigeria Liquefied Natural Gas (LNG) to
the Federation account, in spite of the report submitted to the Federal
Government.
Mr Peter Ogbobine, Director Legal, NEITI, told the News Agency of
Nigeria (NAN) in Abuja on Tuesday that the figure was the accumulation
from 2000 to 2014.
He observed that although NEITI had presented a report to that
effect to the Federal government, no action had been taken against NNPC.
“When LNG started operating, it paid dividend to the NNPC but
the corporation was claiming that it was supposed to be the owner of the
shares in LNG and not the Federal Government.
“When the LNG pays the money to the NNPC, it used some of it to run its operations.
“But we are saying no; that this money, once it is paid to them
by LNG, it should go straight to the Federation Account and it has been
accumulating over the years.
“We always bring it to the burner anywhere we go, that this money has to be remitted to the federation account,’’ Ogbobine said.
The director, however, called on the Federal Government to compel
NNPC to remit the amount into the federation account for the benefit of
all Nigerians.
NEITI is set to establish an Open Contracting Data Standard
platform for procurement of goods and services, especially in the oil
and gas sector.
The initiative also ensures transparency in procurement process
through the whole value chain of extractive sector, down to exploration,
mining, revenue generated and how it is spent.
-NAN
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