The Executive Secretary of the Nigeria
Extractive Industries Transparency
Initiative, Hajiya Zainab Shamsuna-Ahmed, on
Wednesday said between 2009 and 2012, about 160
million barrels of oil valued at $13.7bn was stolen
under the watch of the national oil giant, Nigerian
National Petroleum Corporation.

She also said that subsidy payment from 2005 to
2012 indicated that $11.63bn had been paid to the
NNPC but that “there is no evidence of the money
being remitted to the federation account.”

The NEITI boss, who called on the Federal
Government to privatize the refineries, stated this
during a courtesy call on Governor Nasir el-Rufai, at
Sir Kashim Ibrahim Government House, Kaduna, on
Wednesday.

El-Rufai is among the four governors appointed by
the National Economic Council to scrutinise the
accounts of the Nigerian National Petroleum
Corporation and the Excess Crude Account managed
by the administration of Goodluck Jonathan.

Part of the terms of reference was to unravel the
N3.8trn not remitted to the Federation Account by the
national oil giant between 2012 and May 2015, as well
as $2.1bn said to have been deducted from the
Excess Crude Account.

Governors of Akwa-Ibom, Edo and Gombe states
were members of the team.

Hajiya Ahmed said, “Crude product swap of $866m
was lost from 2009 to 2011 and $8243m in 2012. Total
amount expended in subsidy payment from 2005 to
2012 as captured $11.63bn have been paid to the
NNPC. However, there is no evidence that these
amounts were remitted to the Federation Account,”
she stated.

Meanwhile, Governor El-Rufai disclosed that since he
called for the scrap of the NNPC, the corporation has
being sponsoring articles in the media to attack him
to fight on till NNPC will be killed.

He added that the corporation would be made to pay
all monies it owed before its final death.

El-Rufai said, “NNPC has become a monster that is
too powerful. I will continue to fight NNPC till it dies
for Nigeria to survive.

“It is either Nigerians kill NNPC or NNPC will kill
Nigeria.

“Since, I called for the death of NNPC, the
corporation has sponsored articles attacking me, but
I am telling them my skin is thicker than an elephant.”


Cc:lalasticlala

Source: http://www.punchng.com/news/oil-worth-13-7bn-stolen-under-nnpc-says-neiti/

Another form of cancer for that woman.....Diezzzzz I hail!

We need buhari to start probing them

This Deziani woman go hear am o!



BTW, have a look at Nigeria glo Premier League Fixtures and the
Star Match of the Week.

Talk talk administration..

Its Confession Time
Confess on!