The Nigerian National Petroleum Cooperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from JV Partners on major capital projects, the Nigerian presidency has said

Quoting a report submitted to President Muhammadu Buhari by the new Group Managing Director of NNPC, Ibe Kachikwu, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said the state oil company had ‘commenced Performance Measurement & Benchmarking as well as Value for Money Review of NNPC and the JV Companies covering the period 2008 – 2013′.

Mr. Shehu further quoted the report as saying ‘a reputable International Accounting Firm has been engaged by the NNPC to ascertain the exact amount due government on the Strategic Alliance Contracts entered by NPDC, where up to $2.46 billion of government money is to be recovered’.

The presidential spokesperson added, “It (the report) also revealed that consequent upon an extensive investigation of the various toxic crude oil for refined products swap contracts, a total sum of $420 million has so far been reconciled in favour of NNPC and is now due for recovery from the legacy OPA/SWAP contracts. Out of the reconciled amount, the sum of $277 million has been recovered in lieu of products and the recovery effort is still ongoing, the source added.
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http://www.premiumtimesng.com/news/189607-nnpc-begins-recovery-of-9-6billion-owed-nigeria.html

Hmmm
WE SHALL PURSUE, OVERTAKE AND RECOVER ALL THAT THE ENEMIES, LOOTERS, RAPISTS AND WICKED EX-LEADERS STOLE AND PLUNDERED FROM US IN JESUS NAME.
NIGERIA MUST BE GREAT AGAIN AND BE RESPECTED BY OTHER NATIONS OF THE WORLD.

G

let' go dia

Let the recovery begin...

HIAAAAAAAAAAAA