June 06, 2017


House of Reps [Photo: Twitter - @HouseNGR]


House of Reps [Photo: Twitter - @HouseNGR]



















The House of Representatives ad-hoc committee investigating allegedly missing $17 billion crude oil and liquified natural gas revenue, on Monday said it uncovered $15 billion unremitted revenue into Federation Account.
The trace of the alleged missing fund believed to have been stolen and diverted to a foreign destination, was contained in the two documents submitted by the Nigerian National Petroleum Corporation, NNPC, at the committee’s sitting.
While responding to questions from members of the committee, Rabiu Bello, NNPC’s Chief Operating Officer, COO, admitted that there were discrepancies in the documents.
In his presentation earlier, Jack Ukitetu, a Director in the Central Bank of Nigeria, CBN who represented the bank’s governor, explained that the Accountant-General of the Federation approved and determined the money accrued to the Excess Crude Account.
Mr. Ukitetu said that before 2006, the CBN collected the money
READ MORE https://nigeriafastestnewsupdate..com.ng/2017/06/nigerian-lawmakers-uncover-alleged.html

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