“The advanced stage of development means that these projects have passed the Licence to Establish stage, while some have the Authority to Construct licence or close to having it because they have met some critical requirements in the licensed stage.”
The report also noted that 90 million dollars was lost through a practice where NNPC used a revised/lower pricing option at the point of payment instead of the higher price at the point of purchase.
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It also showed that $586.011 million accounted for unreconciled export sales receivables in the year under review explaining that this is as a result of previous year unexplained/unreconciled difference. “The difference may continuously be carried forward. ”
*May restrict Egina FPSO’s access to Nigerian waterways Vincent Toritseju 30 December 2017, Sweetcrude, Lagos — The Nigerian Ports Authority,…
“Those marketers that have hidden products in odd locations, you better bring them out and sell to the public at N145 per liter maximum. If NNPC sold it to you at N133.28, you have sufficient margin within that ambit to be able to supply and sell to the public at maximum N145 per liter.”
He said about 24 trucks laden with petrol meant for Abuja were diverted to some states in the South Eastern part of the country, adding that the defaulting marketers have been identified and would be sanctioned accordingly.
