NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund - Politics

NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund (8653 Views)

NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by tunene66(op): 8:40am On Aug 09, 2024

The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country.

The claim was listed as “Exchange rate differential on PMS and other joint venture taxes” on petrol products imported by the company between August 2023 to June 2024.

This was disclosed by the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, at the June meeting of the Federation Accounts Allocation Committee. Our correspondent obtained the minutes of the meeting on Thursday.

Exchange rate differentials refer to the income accrued to banks or government agencies from the difference in value between two currencies at different times through foreign exchange’s sale and purchase prices.

https://punchng.com/nnpcl-demands-n4-7tn-petrol-imports-refund/#google_vignette

2 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by nairavsdollars(f): 9:05am On Aug 09, 2024

NNPCL....the number one corrupt organization in the world

37 Likes 1 Share

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by Donchieli: 9:06am On Aug 09, 2024

Why na

De no fit leave am for fine citizens

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by Michael547(m): 9:06am On Aug 09, 2024

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by Princelumide: 9:06am On Aug 09, 2024

Shege banza!!!

Kutuma barawo kawai...!!!

14 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by CLASSMAN: 9:07am On Aug 09, 2024

Subsidy indirectly

15 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by olaolulazio(m): 9:07am On Aug 09, 2024

B.A.T till 2031

This comment go pain plenty here grin

2 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by atobs4real(m): 9:07am On Aug 09, 2024

Which money is that?
Subsidy or what?

8 Likes 2 Shares

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by oluseyiforjesus(m): 9:07am On Aug 09, 2024

Criminals

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by Jez9(m): 9:08am On Aug 09, 2024

Can you imagine..

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by OgiidiiHerbals(m): 9:08am On Aug 09, 2024

Hmmm this nnpc nawa o

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by nwirinedu(m): 9:09am On Aug 09, 2024

A privatized entity that has never produced one financial report, has no shareholders. It has not produced a single refinery rather its just collecting money for doing nothing. Just like any other corporation, they don't add any real value to society.

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Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by chido20(m): 9:09am On Aug 09, 2024

This country can never get better. Know this and know peace

3 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by lordm(m): 9:09am On Aug 09, 2024

The way I dislike this nnpcl ehn

6 Likes

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by cjudy(m): 9:10am On Aug 09, 2024

Government Dey owe NEPA
Government Dey owe NNPC

Light and Fuel and that’s the foundation of Tinubu failure.

Shame shame shame….

Shameeeeee

2 Likes 1 Share

Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by strangest(m): 9:10am On Aug 09, 2024

Okay... But how much are they making from MALTA

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Re: NNPCL Demands ₦‎4.7 Trillion Petrol Imports Refund by Codes151(m): 9:11am On Aug 09, 2024

If NNPL isn’t the most corrupt entity in the world, make I bend.

We need a public investigation (foreign) of NNPL

open and public (televised) audit.

6 Likes 1 Share