Corruption In NNPC » Hon. Haruna Manu's Motion (PDP, Bali, Gassol)

This, the House says is in a bid to get to the root of an alleged non-remittance of $13 billion by the Nigeria National Petroleum Corporation,

The resolution followed a debate on a motion by Rep. Haruna Manu (PDP, Taraba) on the need to make the government agency render account on how much it realised from the sale of crude this year.

Manu said that whereas, NNPC claimed to have remitted $20 billion to the federation as crude oil sales from January to August; it only remitted seven billion dollars to government.

He said a document before him showed that the corporation generated 29 billion dollars between the periods under review and remitted only seven billion dollars to the Federation Account.

“All returns accruing to the NNPC from crude oil sales and such transactions in the oil sector are supposed to be remitted to the Federation Account in accordance with Section 162 (1) of the constitution,’’ he said.

Section 162 (1) states that the federation shall maintain a special account to be called ‘the federation account.

Comments