A Review of the Nigerian Energy Industry

Group demands careful probe of non-paying NNPC

NNPC-Towers113 February 2014, Abuja — The Say No Campaign urged the Senate Committee on Finance to “thoroughly” investigate allegations of non-remittance of oil revenue by the Nigerian National Petroleum Corporation (NNPC).

It is alleged NNPC is among a number of revenue-spinning federal government corporations and agencies that have not been remitting their operating surplus to the federal government’s treasury as statutorily mandated.

“The Say No Campaign – Nigeria and its collaborating civil society partners have followed with keen interest the ongoing probe of non-remittance of oil revenue to the Federation Account by the Ahmed Makarfi-led Senate Committee on Finance.

“To the above extent, Say No Campaign – Nigeria and its allied in the civil society struggle for transparency and accountability and good governance in Nigeria pray the Senate Committee on Finance currently sitting on this matter to thoroughly investigate the issues before it and establish the true state of affairs about the allegation of non-remittance of oil revenue by the NNPC,” the group stated.

It urged the committee to make practical recommendations, including the institution of interfaced and automated system among revenue collection agencies of government on how best to deal with general challenges of non-remittance by agencies of government.

The group and its partners also demand President Goodluck Jonathan to act in a manner that demonstrated genuine “anger for the open stealing of oil and gas money in Nigeria as shown by the myriad of reports on this critical sector of the economy.”

Say No Campaign – Nigeria and its allies in the civil society advocate for transparency and accountability as well as good governance in the country.

 

– CajNewsAfrica

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