*Pledges to optimize cost, boost remittance to FAAC Lagos — The Nigerian National Petroleum Corporation (NNPC) has clarified that the…
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OpeOluwani Akintayo 06 January 2018, Sweetcrude, Lagos — The Niger Delta Indigenous Movement For Radical Change, NDIMRC has called on…
“But let me also make a strong and important point. If not because TSA is in place and now that the recession is here, only God knows what would have happened. A monthly drain of over N4 billion and yet no revenue coming in and leakages continued. It could have been a disaster. It was government’s foresightedness and focus even as TSA was in place before the recession. And that is why we are floating and not sinking, and we will not sink God willing,” he said.
Dutse said the decline was also attributed to the Force Majeure declared at both the Bonny and Forcados crude oil exporting terminals as well as the shut-in of crude oil production and shut-down of pipelines for routine repairs and maintenance in the region.
Sources have indicated that the Halliburton bribery scandal may be top on the agenda at the talks this year, after the EFCC reopened investigation into the $180 million scam in January this year.
