The Nigerian National Petroleum Corporation (NNPC) has begun the process
of recovering over $7 billion in over-deducted tax benefits from joint
venture partners on major capital projects and another $2.46 billion
from inflated contracts at its subsidiary, the Nigerian Petroleum
Development Company (NPDC).

In a report submitted to President Muhammadu Buhari by the new
management of the NNPC, detailing its successes so far, the the Group
Managing Director of the corporation, Ibe Kachikwu, revealed that it has
commenced “performance measurement and bench-marking as well as value
for money review of NNPC and the JV companies covering the period 2008
to 2013”.
Read more http://dailytimes.com.ng/new-nnpc-management-presents-report-car/

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