FAAC Remittances: Federal Govt Sets Up Committee To Reconcile Alleged Discrepancies

The federal government has set up an inter-agency committee to resolve the lingering row between the Nigeria National Petroleum Company Limited (NNPC) and the

“And because we want the general public to know the truth, NNPC Limited management wrote the President to investigate the matter and Mr President has graciously approved that an inter-agency committee be set up to investigate and reconcile the matter,” the industry source stated.

Besides, the ministry of finance and NNPC Limited, other members of the debt reconciliation committee include the Nigerian Upstream Regulatory Commission , Federal Inland Revenue Service , Office of the Accountant General of the Federation and FAAC Post-Mortem Sub-Committee. The letter stated that this was with a view to putting to rest all the allegations and counter allegations by both FAAC and NNPC Limited on the status of the debts and remittances.

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