The GGM stated that NNPC was desirous of engaging reputable and competent firms of estate surveyors and valuers that could provide unparalleled and exceptional valuation and land acquisition services to the Corporation in order to sustain its drive towards excellence in service delivery.
Baru said that he was looking forward to seeing that all domestic cooking in Nigeria was carried out with LPG.
According to him, several transactions took place before and even after the period under review and therefore his committee should not be held responsible for not bring out most of these issues.
Dr. Baru said the major complaint by operators in the industry was that of multiple taxation which include statutory contributions to the Niger Delta Development Commission (NDDC) and Nigerian Content Development and Monitoring Board (NCDMB) as well as sundry expenses on security.
According to the lawmakers, the levy will be used to fund the Petroleum Equalisation Fund (PEF) as reflected in the new bill.
The meeting had ended in a deadlock on Tuesday following disagreement about the revenue figures remitted into the federation account by the Nigerian National Petroleum Corporation (NNPC) for sharing by the three tiers of government.
Oscarline Onwuemenyi 28 March 2018, Sweetcrude, Abuja – The monthly Federal Account Allocation Committee (FAAC) meeting, which began on Tuesday…
“The promoters of the companies made away with close to $3 billion, almost a tenth of our reserves. There is no way if someone made away with a tenth of your reserves that you will not have a major economic shock.”
“While waiting for normalcy to return to the Chad Basin, we have stepped up efforts in the Lower Benue trough. So far, we have acquired 20km of 2D data out of the planned 455km 2d seismic data,” he added.
A paperless going concern represents a work environment wherein the use of paper is eliminated or greatly reduced. This is usually achievable through conversion of documents and other papers into digital form.
