KADUNA State Governor Malam Nasir El-Rufai yesterday got a dossier of corruption in the Nigerian National Petroleum Corporation (NNPC).

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Hajiya Zainab Shamsuna Ahmed, handed over the dossier on the sharp practices in the Corporation to him at the Government House in Kaduna.

El-Rufai is one of the four governors appointed by National Economic Council (NEC) to investigate the management of the accounts of the NNPC and the Excess Crude Account (ECA) by the administration of former President Goodluck Jonathan.

The committee of four has a mandate to unravel the whereabouts of the N3.8 trillion not remitted to the Federation Account by the NNPC between 2012 and May as well as the $2.1bn said to have been deducted from the ECA without proper authorisation by the Federal Accounts Allocation Committee (FAAC).

In her presentation yesterday on how billions of dollars of oil revenue not remitted to the Federation Account by the NNPC, the NEITI chief said about 160 million barrels of oil, valued at $13.7 billion, were stolen between 2009 and 2012.

Calling on the Federal Government to privatise the nation’s refineries, Hajiya Ahmed said there was no proof that the $11.631 billion subsidy payment captured from 2005 – 2012, was remitted into the Federation Account by the Corporation.

Read full story
http://monitor9ja.com/2015/07/oil-sector-probe-el-rufai-gets-detailed-report-on-nnpc/

ok

i see

h

www.newspepa.com brings you latest and most important news from Punch, Vanguard, Premium times, Leadership, Bellanaija, Stargist and other publishers.

This Northern Govs carry dis Oil matter for head pass Niger Delta Govs self! Don't You people have Cocoa or anytin over there in d North except Bokoharam,Parasites!

The same privatization APC strongly rejected during GEJ administration?
Hypocrisy at the highest degree