Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Senate to probe NNPC, NPDC over unremitted $3.4bn

    Senate to probe NNPC, NPDC over unremitted $3.4bn

    December 14, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Senate chamber of Nigeria's national assembly.
    *Senate chamber of Nigeria’s national assembly.

    Oscarline Onwuemenyi

    14 December 2016, Sweetcrude, Abuja – The Senate has criticised the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Nigerian Petroleum Development Company (NPDC), for failing to remit $3.47bn to the Federation account.

    The Senate also, following a motion by Sen. Dino Melaye, directed its Committee on Finance to probe both agencies for withholding the said amount.

    Melaye had accused both agencies of “a satanic collabo”, arguing that “there is a case of unlawful misappropriation and criminal withholding of public revenue by NNPC and NPDC from 2013 to date to of about $4bn.”

    He accused the agencies of lacking transparency in crude oil lifting, adding that the NPDC had lifted crude from their oil wells OML 65, OML 111, OML 119 to the tune of $1.8bn, but only remitted $100m.

    The Senate leader, Sen. Ali Ndume, backed Melaye and called for seriousness in investigating the matter.

    He added that Melaye could not have made the figure public without doing his research.

    Related News

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    Oil prices steady ahead of US-China trade talks

    E-book
    Resilience Exhibition

    Latest News

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    June 9, 2025

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    June 9, 2025

    Oil prices steady ahead of US-China trade talks

    June 9, 2025

    Kwairanga reiterates NGX’s commitment to deepening Nigeria’s capital market

    June 9, 2025

    Shettima inaugurates power project in Borno university

    June 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.