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Governors Accuse NNPC Of Fraud In Payment Of Subsidy - Politics - Nairaland

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Governors Accuse NNPC Of Fraud In Payment Of Subsidy by dre11(m): 6:44am On May 17
Governors demand closure of filling stations in border communities, accuse NNPC of fraud in payment of subsidy


State governors have accused the Nigerian National Petroleum Corporation (NNPC) of fraudulently doubling the nation’s daily petrol consumption from about 30 million to 60 million litres.

The governors made this known on Wednesday after a delegation led by Abdulaziz Yari, chairman of the Nigerian Governors’ Forum (NGF) and governor of Zamfara state, met with Vice-President Yemi Osinbajo at the presidential villa in Abuja.

At the meeting, the governors demanded a thorough probe of oil subsidy payments from 2015 to date, while they demanded that all petrol stations less than 10 kilometres to the nation’s borders be immediately shut.

This followed NNPC’s excuse that the sudden hike in petrol consumption is due to illegal export to neighbouring countries.

As part of their demands, all trucks transporting petroleum products must have tracking device installed in order to monitor their movement to discharge stations and that NNPC must henceforth clearly differentiate its earnings in sales as against taxes before remitting funds to the federation account to avoid unexplained shortfalls.

In attendance at the meeting were Udom Emmanuel , governor of Akwa Ibom state; Godwin Obaseki, governor of Edo state; Seriake Dickson, governor of Bayelsa state; Nasir el-Rufai of Kaduna and Atiku Bagudu, governor of Kebbi state.

Kemi Adeosun, minister of finance and Udo Udoma, minister of budget and national planning, as well as a representative of the NNPC GMD, also attended the meeting which ended at few minutes after 8pm.

While briefing state house correspondents at the end of the meeting, Yari said, “This is the second time we are meeting with NNPC in respect of remittances into the federation account.

Governors and the federal government are not satisfied with the way remittances are being made because there are so many questions raised on Nigeria, more especially on the 425,000 barrel domestic and 180,000 barrel component of Nigeria from the Joint Venture Partners,” he said.

“We met last week with NNPC and we came and briefed our chairman of the National Economic Council (NEC). We raised three issues: one, the issue of royalties. Each and every barrel taken out of the country, there is either 17 or 24 percent of it as royalty and there is 17 or 20 percent as tax.

“So, our main concern is that (DPR) said that the NNPC is not remitting anything from the payment of royalty; what they do is that they transmit direct from the NNPC to the federation account, which is not allowed by the law.

“According the law that established the DPR, section 196 of the Act, says all the royalty should be paid to DPR and then transmitted to the federation account, which is not happening.

“So, we discussed today and we have sorted those ones out. The NNPC will not transmit to federation account with clear distinction that this amount is for royalty and X amount is for taxes, and X amount is profits from the sales. So we achieved that.”

The governors also raised concerns over the joint venture cash call claims made by the NNPC and directed that further payments for such should be suspended until the corporation gives details of exactly how much has been paid since 2015.

“At the same time, NNPC is making payment on behalf of Nigeria on cash-call contribution and also the NNPC is making payment of cash call arrears of Nigeria’s contribution.

But our main concern is that in 2015, they said about $16.8 billion which is outstanding was not paid by the last administration and they negotiated it down to $5.1 billion according to them,” he said.

“What we said specifically is that they should bring to us how much they have paid from 2015 to date and what is outstanding. And we directed them to stop payment until the claims are proven and then we can give further directives. That too was achieved.

“On the issue of cost recovery otherwise called subsidy, it resurfaced again after the efforts of Mr. President. Before now, the oil was $40 per barrel and now it is about $78 a barrel, they are depending largely on importation. Therefore, the cost is higher than what they are selling at the filling station and they need more money.

“When there was no cost recovery, the NNPC clearly gave us the number of 33 and 35 million litres per day as the consumption of Nigeria. But now with the new regime of cost recovery, NNPC is claiming daily consumption of 60 and 65 million litres per day, which we rejected and said no.

“So, many of our international partners are saying that even if we are feeding Nigeria, Cameroon, Ghana and Niger, we cannot consume more than 35 million litres per day. So, we are wondering where the 60 million litres is coming from. So, we are trying to sort that one out; that one is not yet resolved.

“But, we are now taking a very hard decision; because NNPC said the reason why they were lifting 60 million per day is because our borders are porous, we have taken the decision that any filling station that is 10 kilometres on the border side should be closed by DPR. And then, we will do re-certification according to the needs.

Secondly, we have directed the minister of finance in collaboration with the DPR and the NNPC to put tracking devices on every truck in other to monitor where they are discharging the fuel.

That is because we are suspicious of the number; we cannot confirm the difference from 30 million litres per day consumption to 60 and 65 million litres per day. So, these are our decisions on the NNPC.”



http://petrobarometer.thecable.ng/2018/05/16/governors-demand-closure-of-filling-stations-in-border-communities-accuse-nnpc-of-fraud-in-payment-of-subsidy/
Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by izzou(m): 6:48am On May 17
grin

1 Like

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Firefire(m): 6:53am On May 17
Fraudulent administration headed by a known liar and fraudulent element.


https://www.youtube.com/watch?v=YmG_dYY7YRA


Firefire:
Buhary will go down as the worst president in Nigeria & Africa as a whole.

The element labeled fuel subsidy as fraud.

His government told Nigerians how much they have saved from not paying subsidy

Not knowing thay are silently paying the subsidy without recourse to appropriation bill, National Assembly or informing Nigerians about the need to reverse and properly educate them about the rational behind fuel subsidy payment.

Not until the ‘short-devil’, the baba Kekere also known as Prof. Osunbade ‘callously’ told Nigerians that NNPC is the one paying fuel subsidy not FG, as if NNPC is a foreign government or body. What a callous and disregard to our collective sensibility.

Fraudulent administration! angry

22 Likes 5 Shares

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by izzou(m): 6:57am On May 17
grin

In attendance at the meeting were Udom Emmanuel , governor of Akwa Ibom state; Godwin Obaseki, governor of Edo state; Seriake Dickson, governor of Bayelsa state; Nasir el-Rufai of Kaduna and Atiku Bagudu, governor of Kebbi state.

I was expecting to see these names. People like Ambode, Obiano and some of the few working governors wouldn't have the time for this

Just look at Dickson. Despite the massive allocation compared to a little population, yet Bayelsa cannot boast of a hosting a tangible investment in this country angry

4 Likes 1 Share

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by saaron: 8:32am On May 17
I said it here on Nairaland that by the time terrorist buhari is send back to daura enroute ICC in 2019, Nigerians will be utterly SHOCKED at the scale of Corruption in NNPC under buhari's regime.
Remember he is the minister of petroleum, the same way he ruled PTF during the dark days of Abacha regime is the same way he is ruling NNPC today.

22 Likes 1 Share

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Giddymoney(m): 10:28am On May 17
grin
Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Firefire(m): 10:29am On May 17
Fraudulent GONMENT

6 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by GrandMufti: 10:29am On May 17
Who is subsiding who? grin

19 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Bustincole(m): 10:30am On May 17
grin cool
Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by three: 10:36am On May 17
.

Yeye dey REALLY smell for dis government

"If anybody says he is subsidising anything he is a fraud!" - Buhari

.


https://www.youtube.com/watch?v=YmG_dYY7YRA

8 Likes 1 Share

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by OCTAVO: 10:40am On May 17
I thought subsidy has been removed. shocked

5 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by seguno2: 10:40am On May 17
dre11:
Governors demand closure of filling stations in border communities, accuse NNPC of fraud in payment of subsidy


http://petrobarometer.thecable.ng/2018/05/16/governors-demand-closure-of-filling-stations-in-border-communities-accuse-nnpc-of-fraud-in-payment-of-subsidy/

Can it be that Buhari’s juju and tira have worn off their brains

3 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Ultraf: 10:41am On May 17
izzou:
grin



I was expecting to see these names. People like Ambode, Obiano and some of the few working governors wouldn't have the time for this

Just look at Dickson. Despite the massive allocation compared to a little population, yet Bayelsa cannot boast of a hosting a tangible investment in this country angry
Keep deceiving yourself, is that the news headline.
Respond to the allegations of massive fraud in subsidy scam by Buhari and Maikanti Baru.

13 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by dignity33: 10:41am On May 17
After people we believe the corruption propaganda using to deceive Nigeria. Nigeria may be surprise by the time APC Leave office that this regime will be more corrupt ever. Once you are with Buhari then you can loot as much as you like and nobody will do anything you can disobey NASS and nothing will happen you can even send thieves to steal the mace and police will escorts you to your house that is what is going on in this administration.

16 Likes 1 Share

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by LibertyRep: 10:42am On May 17
I hope the governors have enough buffers to contain what is about to hit them for such a daring move.

2 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by seguno2: 10:43am On May 17
OCTAVO:
I thought subsidy has been removed. shocked

It was NOT removed.
It was CHANGED to under recovery grin
Buhari is a monumental fraud of gargantuan proportions that must be corrected in 2019!
Do you have your PVC ready

6 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by seguno2: 10:44am On May 17
GrandMufti:
Who is subsiding who? grin

Buhari is subsidising the rats of his presidency cabal who chased him out of his office. grin

4 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Nobody: 10:47am On May 17
U won't see the zombies in this kind of thread.

Demon's!

4 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Jesusloveyou(m): 10:48am On May 17
What I am not understanding, is it the subsidy or the number of the consumption
Firefire:
Fraudulent administration headed by a known liar and fraudulent element.


https://www.youtube.com/watch?v=YmG_dYY7YRA


because the governors agreed that the increment in crude oil will also lead to increment of subsidy.

But the volume of consumption is what we should be concern,
Even buhari is concern about that.

1 Like 1 Share

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Bimpe29: 10:49am On May 17
Buhari led administration is lacking in harmony, cohesion and direction. Buhari's reelection will surely do more harm than good.

3 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by SamuelAnyawu(m): 10:50am On May 17
Atiku kindly Privatise NNPC cry

1 Like

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by OBAGADAFFI: 10:52am On May 17
grin
Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Hakeemalao: 10:52am On May 17
i av trust in almigty alha and i no start 4rom buari and their theif all of u will end up jail but only god no how u will enter jail

1 Like

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by blackpanda: 10:52am On May 17
saaron:
I said it here on Nairaland that by the time terrorist buhari is send back to daura enroute ICC in 2019, Nigerians will be utterly SHOCKED at the scale of Corruption in NNPC under buhari's regime.
Remember he is the minister of petroleum, the same way he ruled PTF during the dark days of Abacha regime is the same way he is ruling NNPC today.

Haters should eat poo and die

PMB till eternity
Sai Baba!
Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by Buffalowings3(m): 10:55am On May 17
who is the minister of petroleum resources shocked

3 Likes

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by okenwa1ofEbonyi(m): 11:04am On May 17
well, we all know this government is fraud and the clueless President is worst in Nigeria history. is only a blind man that will vote buhari.

1 Like

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by MimiShopping: 11:06am On May 17
Terrible

1 Like

Re: Governors Accuse NNPC Of Fraud In Payment Of Subsidy by JONNYSPUTE(m): 11:18am On May 17
I'm speechless

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