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Nairaland Forum / Nairaland / General / Politics / NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC (12330 Views)
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NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by GSA01: 9:36am On May 18, 2018 |
Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.***** NNPC, NPA, FIRS, others failed to remit N526bn, $21bn –NEC [ audit firm, KPMG ] Olalekan Adetayo, Abuja Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed. The Minister of Finance, Kemi Adeosun, has therefore recommended that the affected agencies be made to refund the money. Gombe State Governor, Ibrahim Dankwambo, disclosed this to State House correspondents at the end of a meeting of the NEC presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday. The council chaired by the Vice-President has all state governors, Governor of the Central Bank of Nigeria and relevant ministers as members. Dankwambo explained that the shortchanging by the agencies was detected by an audit firm, KPMG, which was contracted by the NEC to carry out a forensic audit of revenue remittances to the Federation Accounts by the NEC. The governor listed the government agencies indicted of underpayment by the audit report to include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency and the Nigerian Communications Commission. Others are the Central Bank of Nigeria, the Department of Petroleum Resources and the Nigerian Petroleum Development Company, among others. Apart from refunding the money, Dankwambo said a sub-committee would be set up to look into the details of the infringement. He said those found to be criminal in nature would be handed over to the Attorney General of the Federation for action. The governor said, “KPMG presented the report of the technical audit of RGAs, concluding that a total sum of N526bn and $21 bn was underpaid to the Federation Account. “NEC’s Ad-hoc Committee which I head with members including governors of Edo, Kaduna, Akwa Ibom, Lagos states and the finance minister recommended refund of the amounts underpaid. “Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney General of the Federation and the Legal Committee of the National Economic Council for further action. “Council resolved to pursue the strengthening of the NNPC’s governance structure to prevent further recurrence of such gross underpayment by the NNPC and other RGAs.” The governor said it was resolved that the audit period be extended to June 2017. “One of the resolutions of NEC is to extend the audit to June 2017. So the audit will continue for the remaining agencies. “It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement are contained in the report. It is a voluminous report; there are a lot of items that are there. “The most important decision that was taken is that a sub-committee will be set up which will be an arm of the legal committee of NEC that will look into the details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by the office of the Attorney General of the Federation.” Zamfara State Governor, Abdulaziz Yari, said the issue of whether states should henceforth determine how much is paid as fuel subsidy and not NNPC came up at the meeting. He, however, said a final decision on the matter would be taken at the next meeting. He said, “We are doing the nitty-gritty with the NNPC in terms of remittances. Don’t forget that the reason we got it right in 2016 on the NNPC side was that the oil prices were too low. It was easy for everyone to get fuel into the country and then make their profit. “So, when the price started jacking up, then marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing. “Our problem is the volume, the quantity of consumption which is not acceptable. Working with the governors, so many decisions were taken but by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption or we look at other ways. “For instance, if you say we paid N800bn subsidy, you will ask who are we paying the subsidy to? And if you look at the infrastructure development and capital programme of the Federal Government, it is about N1.1trn, almost 70 per cent of what you are spending on developing the economy. “If there is no infrastructure development, then you cannot talk about the development of the economy. N800bn is a huge amount that we must look at it, who is benefiting from it. “So, we are coming up with a strategy; we are going to meet in the months of May and June. By next meeting, we will definitely come up with a position of the government at both the level of volume of what is being brought into the country and what the state and federal governments collaborate to check.” Adeosun reported to the council that the balance in the Excess Crude Account as of May 14, 2018, stood at $1, 830, 682, 945.30. She also reported to Council that the current balance in the Stabilisation Account as of the same day stood at N15, 725,456,963.83. She put the balance in the Natural Resources Development Fund at N116, 104,644,763.39. The Minister of Budget and National Planning, Udo Udoma, gave an update to council on the just-concluded Economic Recovery Growth Plan Focus Labs. Udoma told members that the Labs identified 164 projects spread across the six geopolitical zones of the country. He said the outcome indicated that over 500,000 jobs were likely to be created by 2020 and that more labs would be conducted in due course for other sectors. http://punchng.com/nnpc-npa-firs-others-failed-to-remit-n526bn-21bn-nec/ 2 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by bjayx: 9:40am On May 18, 2018 |
Underground corruption 6 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Paperwhite(m): 9:44am On May 18, 2018 |
So the TSA have been useless as long as remittance of revenue into government coffers is concerned ![]() ![]() 11 Likes 2 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by SalamRushdie: 10:14am On May 18, 2018 |
Hmmmm |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by SamuelAnyawu(m): 10:15am On May 18, 2018 |
More Campaign cash 2 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Nobody: 10:29am On May 18, 2018 |
![]() ![]() ![]() ☣ ☠ ∆ ∆ ☣ ☠ |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by NaijaMutant(f): 10:29am On May 18, 2018 |
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Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by GSA01: 10:45am On May 18, 2018 |
[color=#006600][/color] Paperwhite: You not be sincere with yourself saying TSA has been useless all along..this remittances are not just for the duration of APC government, but PDP government inclusive..infact majority of the remittances are during the last administration... 44 Likes 3 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by GSA01: 10:52am On May 18, 2018 |
[color=#990000][/color] bjayx:Been uncovered right? Before this Government all this revenue generation agencies of government have not been remitting the required amount of money to Government, Hence the need for such drastic measures.. 11 Likes 3 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Belluchii: 10:54am On May 18, 2018 |
SamuelAnyawu:which one is more money to campaign, it's high time we stop all this false accusations and focus on how to develop this country.The present administration is really trying 42 Likes 6 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Sakadeli26(f): 10:56am On May 18, 2018 |
Tell them please,it is very necessary to get your facts and figures right before coming to say what is not,stop the accusation. 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by dignity33: 10:58am On May 18, 2018 |
After people we believe the corruption propaganda using to deceive Nigeria. Nigeria may be surprise by the time APC Leave office that this regime will be more corrupt ever. Once you are with Buhari then you can loot as much as you like and nobody will do anything you can disobey NASS and nothing will happen you can even send thieves to steal the mace and police will escorts you to your house that is what is going on in this administration. 7 Likes 1 Share |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by LadyExcellency: 11:24am On May 18, 2018 |
GSA01: Sharrap there. Where did you get your information from? Nothing related to 2014. Definitely not from the publication. 3 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by GSA01: 12:21pm On May 18, 2018 |
LadyExcellency:read for your self .... The report was prepared by KPMG, and audited 18 Agencies including NNPC, FIRS, Nigeria Customs Services (NCS), NIMASA, NPA, NCC, CBN, DPR, NPDC and many others. The report covered period January 2010 to June 2015. http://shipsandports.com.ng/fg-committee-indicts-npa-customs-nimasa-fund-remittance/ Next time quote me with facts not shambles.... 30 Likes 3 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Collymond: 12:30pm On May 18, 2018 |
GSA01: PLS ALWAYS TRY TO REPORT THE TRUE STORY ........ **** Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.***** NNPC, NPA, FIRS, others failed to remit N526bn, $21bn –NEC [ audit firm, KPMG ] Olalekan Adetayo, Abuja Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed. The Minister of Finance, Kemi Adeosun, has therefore recommended that the affected agencies be made to refund the money. Gombe State Governor, Ibrahim Dankwambo, disclosed this to State House correspondents at the end of a meeting of the NEC presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday. The council chaired by the Vice-President has all state governors, Governor of the Central Bank of Nigeria and relevant ministers as members. Dankwambo explained that the shortchanging by the agencies was detected by an audit firm, KPMG, which was contracted by the NEC to carry out a forensic audit of revenue remittances to the Federation Accounts by the NEC. The governor listed the government agencies indicted of underpayment by the audit report to include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency and the Nigerian Communications Commission. Others are the Central Bank of Nigeria, the Department of Petroleum Resources and the Nigerian Petroleum Development Company, among others. Apart from refunding the money, Dankwambo said a sub-committee would be set up to look into the details of the infringement. He said those found to be criminal in nature would be handed over to the Attorney General of the Federation for action. The governor said, “KPMG presented the report of the technical audit of RGAs, concluding that a total sum of N526bn and $21 bn was underpaid to the Federation Account. “NEC’s Ad-hoc Committee which I head with members including governors of Edo, Kaduna, Akwa Ibom, Lagos states and the finance minister recommended refund of the amounts underpaid. “Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney General of the Federation and the Legal Committee of the National Economic Council for further action. “Council resolved to pursue the strengthening of the NNPC’s governance structure to prevent further recurrence of such gross underpayment by the NNPC and other RGAs.” The governor said it was resolved that the audit period be extended to June 2017. “One of the resolutions of NEC is to extend the audit to June 2017. So the audit will continue for the remaining agencies. “It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement are contained in the report. It is a voluminous report; there are a lot of items that are there. “The most important decision that was taken is that a sub-committee will be set up which will be an arm of the legal committee of NEC that will look into the details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by the office of the Attorney General of the Federation.” Zamfara State Governor, Abdulaziz Yari, said the issue of whether states should henceforth determine how much is paid as fuel subsidy and not NNPC came up at the meeting. He, however, said a final decision on the matter would be taken at the next meeting. He said, “We are doing the nitty-gritty with the NNPC in terms of remittances. Don’t forget that the reason we got it right in 2016 on the NNPC side was that the oil prices were too low. It was easy for everyone to get fuel into the country and then make their profit. “So, when the price started jacking up, then marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing. “Our problem is the volume, the quantity of consumption which is not acceptable. Working with the governors, so many decisions were taken but by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption or we look at other ways. “For instance, if you say we paid N800bn subsidy, you will ask who are we paying the subsidy to? And if you look at the infrastructure development and capital programme of the Federal Government, it is about N1.1trn, almost 70 per cent of what you are spending on developing the economy. “If there is no infrastructure development, then you cannot talk about the development of the economy. N800bn is a huge amount that we must look at it, who is benefiting from it. “So, we are coming up with a strategy; we are going to meet in the months of May and June. By next meeting, we will definitely come up with a position of the government at both the level of volume of what is being brought into the country and what the state and federal governments collaborate to check.” Adeosun reported to the council that the balance in the Excess Crude Account as of May 14, 2018, stood at $1, 830, 682, 945.30. She also reported to Council that the current balance in the Stabilisation Account as of the same day stood at N15, 725,456,963.83. She put the balance in the Natural Resources Development Fund at N116, 104,644,763.39. The Minister of Budget and National Planning, Udo Udoma, gave an update to council on the just-concluded Economic Recovery Growth Plan Focus Labs. Udoma told members that the Labs identified 164 projects spread across the six geopolitical zones of the country. He said the outcome indicated that over 500,000 jobs were likely to be created by 2020 and that more labs would be conducted in due course for other sectors. Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Collymond: 12:33pm On May 18, 2018 |
GSA01: PLS ALWAYS TRY TO REPORT THE TRUE STORY ........ **** Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.***** NNPC, NPA, FIRS, others failed to remit N526bn, $21bn –NEC [ audit firm, KPMG ] Olalekan Adetayo, Abuja Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed. The Minister of Finance, Kemi Adeosun, has therefore recommended that the affected agencies be made to refund the money. Gombe State Governor, Ibrahim Dankwambo, disclosed this to State House correspondents at the end of a meeting of the NEC presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday. The council chaired by the Vice-President has all state governors, Governor of the Central Bank of Nigeria and relevant ministers as members. Dankwambo explained that the shortchanging by the agencies was detected by an audit firm, KPMG, which was contracted by the NEC to carry out a forensic audit of revenue remittances to the Federation Accounts by the NEC. The governor listed the government agencies indicted of underpayment by the audit report to include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency and the Nigerian Communications Commission. Others are the Central Bank of Nigeria, the Department of Petroleum Resources and the Nigerian Petroleum Development Company, among others. Apart from refunding the money, Dankwambo said a sub-committee would be set up to look into the details of the infringement. He said those found to be criminal in nature would be handed over to the Attorney General of the Federation for action. The governor said, “KPMG presented the report of the technical audit of RGAs, concluding that a total sum of N526bn and $21 bn was underpaid to the Federation Account. “NEC’s Ad-hoc Committee which I head with members including governors of Edo, Kaduna, Akwa Ibom, Lagos states and the finance minister recommended refund of the amounts underpaid. “Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney General of the Federation and the Legal Committee of the National Economic Council for further action. “Council resolved to pursue the strengthening of the NNPC’s governance structure to prevent further recurrence of such gross underpayment by the NNPC and other RGAs.” The governor said it was resolved that the audit period be extended to June 2017. “One of the resolutions of NEC is to extend the audit to June 2017. So the audit will continue for the remaining agencies. “It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement are contained in the report. It is a voluminous report; there are a lot of items that are there. “The most important decision that was taken is that a sub-committee will be set up which will be an arm of the legal committee of NEC that will look into the details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by the office of the Attorney General of the Federation.” Zamfara State Governor, Abdulaziz Yari, said the issue of whether states should henceforth determine how much is paid as fuel subsidy and not NNPC came up at the meeting. He, however, said a final decision on the matter would be taken at the next meeting. He said, “We are doing the nitty-gritty with the NNPC in terms of remittances. Don’t forget that the reason we got it right in 2016 on the NNPC side was that the oil prices were too low. It was easy for everyone to get fuel into the country and then make their profit. “So, when the price started jacking up, then marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing. “Our problem is the volume, the quantity of consumption which is not acceptable. Working with the governors, so many decisions were taken but by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption or we look at other ways. “For instance, if you say we paid N800bn subsidy, you will ask who are we paying the subsidy to? And if you look at the infrastructure development and capital programme of the Federal Government, it is about N1.1trn, almost 70 per cent of what you are spending on developing the economy. “If there is no infrastructure development, then you cannot talk about the development of the economy. N800bn is a huge amount that we must look at it, who is benefiting from it. “So, we are coming up with a strategy; we are going to meet in the months of May and June. By next meeting, we will definitely come up with a position of the government at both the level of volume of what is being brought into the country and what the state and federal governments collaborate to check.” Adeosun reported to the council that the balance in the Excess Crude Account as of May 14, 2018, stood at $1, 830, 682, 945.30. She also reported to Council that the current balance in the Stabilisation Account as of the same day stood at N15, 725,456,963.83. She put the balance in the Natural Resources Development Fund at N116, 104,644,763.39. The Minister of Budget and National Planning, Udo Udoma, gave an update to council on the just-concluded Economic Recovery Growth Plan Focus Labs. Udoma told members that the Labs identified 164 projects spread across the six geopolitical zones of the country. He said the outcome indicated that over 500,000 jobs were likely to be created by 2020 and that more labs would be conducted in due course for other sectors. Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Collymond: 12:34pm On May 18, 2018 |
dignity33: PLS ALWAYS TRY TO REPORT THE TRUE STORY ........ **** Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.***** NNPC, NPA, FIRS, others failed to remit N526bn, $21bn –NEC [ audit firm, KPMG ] Olalekan Adetayo, Abuja Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed. The Minister of Finance, Kemi Adeosun, has therefore recommended that the affected agencies be made to refund the money. Gombe State Governor, Ibrahim Dankwambo, disclosed this to State House correspondents at the end of a meeting of the NEC presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday. The council chaired by the Vice-President has all state governors, Governor of the Central Bank of Nigeria and relevant ministers as members. Dankwambo explained that the shortchanging by the agencies was detected by an audit firm, KPMG, which was contracted by the NEC to carry out a forensic audit of revenue remittances to the Federation Accounts by the NEC. The governor listed the government agencies indicted of underpayment by the audit report to include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency and the Nigerian Communications Commission. Others are the Central Bank of Nigeria, the Department of Petroleum Resources and the Nigerian Petroleum Development Company, among others. Apart from refunding the money, Dankwambo said a sub-committee would be set up to look into the details of the infringement. He said those found to be criminal in nature would be handed over to the Attorney General of the Federation for action. The governor said, “KPMG presented the report of the technical audit of RGAs, concluding that a total sum of N526bn and $21 bn was underpaid to the Federation Account. “NEC’s Ad-hoc Committee which I head with members including governors of Edo, Kaduna, Akwa Ibom, Lagos states and the finance minister recommended refund of the amounts underpaid. “Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney General of the Federation and the Legal Committee of the National Economic Council for further action. “Council resolved to pursue the strengthening of the NNPC’s governance structure to prevent further recurrence of such gross underpayment by the NNPC and other RGAs.” The governor said it was resolved that the audit period be extended to June 2017. “One of the resolutions of NEC is to extend the audit to June 2017. So the audit will continue for the remaining agencies. “It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement are contained in the report. It is a voluminous report; there are a lot of items that are there. “The most important decision that was taken is that a sub-committee will be set up which will be an arm of the legal committee of NEC that will look into the details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by the office of the Attorney General of the Federation.” Zamfara State Governor, Abdulaziz Yari, said the issue of whether states should henceforth determine how much is paid as fuel subsidy and not NNPC came up at the meeting. He, however, said a final decision on the matter would be taken at the next meeting. He said, “We are doing the nitty-gritty with the NNPC in terms of remittances. Don’t forget that the reason we got it right in 2016 on the NNPC side was that the oil prices were too low. It was easy for everyone to get fuel into the country and then make their profit. “So, when the price started jacking up, then marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing. “Our problem is the volume, the quantity of consumption which is not acceptable. Working with the governors, so many decisions were taken but by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption or we look at other ways. “For instance, if you say we paid N800bn subsidy, you will ask who are we paying the subsidy to? And if you look at the infrastructure development and capital programme of the Federal Government, it is about N1.1trn, almost 70 per cent of what you are spending on developing the economy. “If there is no infrastructure development, then you cannot talk about the development of the economy. N800bn is a huge amount that we must look at it, who is benefiting from it. “So, we are coming up with a strategy; we are going to meet in the months of May and June. By next meeting, we will definitely come up with a position of the government at both the level of volume of what is being brought into the country and what the state and federal governments collaborate to check.” Adeosun reported to the council that the balance in the Excess Crude Account as of May 14, 2018, stood at $1, 830, 682, 945.30. She also reported to Council that the current balance in the Stabilisation Account as of the same day stood at N15, 725,456,963.83. She put the balance in the Natural Resources Development Fund at N116, 104,644,763.39. The Minister of Budget and National Planning, Udo Udoma, gave an update to council on the just-concluded Economic Recovery Growth Plan Focus Labs. Udoma told members that the Labs identified 164 projects spread across the six geopolitical zones of the country. He said the outcome indicated that over 500,000 jobs were likely to be created by 2020 and that more labs would be conducted in due course for other sectors. Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Nobody: 12:45pm On May 18, 2018 |
K |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by morikee: 12:45pm On May 18, 2018 |
When will 1$ be equal to N1 APC i dey wait 2 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by three: 12:45pm On May 18, 2018 |
. Thank you! Now that you know, prosecute them competently or maintain complicity . 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by san316(m): 12:45pm On May 18, 2018 |
Criminality. Where did all the money go? 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by WINNERMENTALITY: 12:46pm On May 18, 2018 |
When will all this blame stop |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by MANNABBQGRILLS: 12:46pm On May 18, 2018 |
WTF |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Nobody: 12:46pm On May 18, 2018 |
okay |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by mumureloaded(m): 12:48pm On May 18, 2018 |
what the fūck are they talking about, they are still on their blame game after 3years? tell that stupid minister to shut the fūck up! are they telling me they just discover this, if that is what they are trying to say then I can unequivocally say they (kemi adeosun/ministry of finance) are not doing their home work. I'm not trying to support or in any way take side with pdp but I think APC are making noise. should it be that they really need / want to fight corruption the only thing government need do is just to give the law enforcement(efcc/icpc etc) free hand to operate without executive or legislative interference and stop brainwashing their so-called party loyalist to think buhari fight corruption with gun at night on the battle ground. what am even saying gon? 5 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by adegeye38(m): 12:50pm On May 18, 2018 |
And the funniest thing is majority of those that perpetrated the crime are not even politicians, i mean elected office holder, they are all career officers, almost every one in Nigeria steals at every level, corruption has become a culture, and that has caused our decay, and it doesnt matter who becomes president or not, 180 million Nigerians are corrupt and thats an epidemic 25 Likes 3 Shares |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by Patosky4U: 12:50pm On May 18, 2018 |
N for........ 1 Like |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by jaybee3(m): 12:50pm On May 18, 2018 |
Paperwhite: 2010 - 2015 12 Likes 1 Share |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by subchris(m): 12:53pm On May 18, 2018 |
hey |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by sexdoll: 12:53pm On May 18, 2018 |
are you surprised? well, i am not because i know that during that era, stealing was never corruption! 7 Likes |
Re: NNPC, NPA, FIRS, others failed to remit N526bn, $21bn Between 2010 And 2015 –NEC by bigerboy200: 12:53pm On May 18, 2018 |
more revelations |
Osinbajo On A Condolence Visit To Pa Fasinro’s Family And Pastor Olorunnimbe / Atiku Condemns Inter-Communal Violence In Benue / Bandit Leader, Dan Karami, Orders Zamfara People To Stop Using Dauran Market
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