Port Harcourt — The Niger Delta Development Commission, NDDC, has raised the alarm over the coercion of oil multinationals to…
Browsing: Treasury Single Account
Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Monday, exonerated ExxonMobil from any indebtedness to the federation over…
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Vincent Toritseju 18 November 2018, Sweetcrude, Lagos — THE Tropical Wood Exporters Association of Nigeria, TWEAN, has warned that Nigerian…
22 September 2018, Abuja — The management of the Nigerian National Petroleum Corporation, NNPC on Friday said it does not…
He warned that transparency is simply not enough until it positively affects the standard of living of the people, saying, “countries with strong civil society groups tend to have less corruption, high integrity for the public good.”
He explained that the mandate given to the office was to cater for 30,000 ex-militants, who embraced the programme on or before the October 4, 2009, deadline for them to drop their arms.
“A lot of questions are begging for answers as regards this account. While we need to know the objectives of this account, we also need to know the signatories to the account; is the account known to the Federal Government and what are the sources of the account’s funding.”
Ughamadu noted that, “By virtue of the operations of the NNPC, the Corporation had made series of compelling cases to the Presidency and the Central Bank of Nigeria to allow certain categories of accounts operate outside the TSA, as they contain co-mingled funds governed by detailed agreements with local and international implications.”
The committee has also directed the NNPC to produce proof the breach was carried out with the approval of President Muhammadu Buhari, who is the substantive Minister of Petroleum Resources.