The Nigeria National Petroleum Corporation (NNPC) is withholding billions of dollars in revenue from the government’s coffers despite President Muhammadu Buhari’s war on corruption, according to a report published Thursday by the Natural Resource Governance Institute, a New York-based watchdog.

Under Buhari’s administration, Nigerian National Petroleum Corporation (NNPC) failed to remit $4.2 billion — 66 percent of proceeds — to the treasury in the second half of last year, the report revealed.

The company, aka NNPC, raked in $6.3 billion from its crude oil sales in the second half of 2015, but only $2.1 billion entered the government’s account. While some of the company’s withholdings cover known costs, NNPC has not fully explained other expenses.

“This was 12 percent higher than the withholdings under Goodluck Jonathan in 2013 and 2014,” authors Aaron Sayne and Alexandra Gillies said in the report, obtained by International Business Times. “Corruption aside, allocating $4.2 billion in six months to NNPC expenses of unknown priority raises serious questions about fiscal responsibility.”

Read more: http://www.signalng.com/report-massive-fraud-4-2-billion-missing-nnpc-buhari/

Ahhhhh.... yekpa

Buhari! Nigerians Nightmare!!

Are u sure of the news

petkoffdrake2:
Buhari! Nigerians Nightmare!!

if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.

Why is America so interested in dis country?

Remii:
if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.

enough of this shit. Nigeria cannt move forward with this trash. Who is the minister of pectroleum? I thought he took the office so that money wont be missing.
Mtchewwwww

KingsJohnson:
Why is America so interested in dis country?

because APC and buhari tell them.

Remii:
if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.

Finally, u now know corrupt people is every where.... when Jonathan was on sit, u were all against him and said He is corrupt. Now, your almighty Buhari is on sit, the story has changed. Am Happy all these things are happening atleast Nigerians will know what a great man they lost (Jonathan)

Buhari must be chased out of Aso rock and then prosecuted

Look at the source of the this trashy piece of news: http://www.signalng.com/report-massive-fraud-4-2-billion-missing-nnpc-buhari/

There you have it folks

signalng

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