NEITI accuses NNPC, oil companies of failing to remit $4.5bn in 2013

*Dr Kayode Fayemi, Minister of Solid Minerals.

*Dr Kayode Fayemi, Minister of Solid Minerals.

23 May 2016, Abuja – The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, said the Nigerian National Petroleum Corporation, NNPC, and other oil and gas companies failed to remit $4.4 billion and N358.3 billion to the Federation Account in 2013.

The Minister of Solid Minerals and Chairman of NEITI Board, Mr. Kayode Fayemi stated this in Abuja, during the presentation of the 2013 Audit Reports.

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