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NNPC Fails To Pay 16 Billion USD - Politics - Nairaland

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NNPC Fails To Pay 16 Billion USD by christopher123(m): 4:31pm On Apr 19, 2016
President Buhari was elected on a platform of cleaning up the country’s notoriously corrupt politics. But some officials from the previous administration accuse him of using corruption to pursue a political vendetta.

The state oil giant has been mired in corruption allegations and losing money for many years. Last month, the government announced that the NNPC would be broken up into seven different companies.According to http://baobabafricaonline.com/2016/03/17/498/


A separate audit ordered under former President Goodluck Jonathan and carried out by global accountancy firm PwC, found that the NNPC had failed to pay the government $1.48bn between January 2012 and July 2013.

It did not provide a total figure for how much revenue the NNPC should legally have handed over to the treasury.

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