The House of Representatives has demanded an external audit of the Nigerian National Petroleum Company Limited to uncover its unaccounted N2 trillion
The House’s Ad Hoc Committee on the company’s assets and liabilities disclosed this in its report on Tuesday.
“From findings, an asset worth $64bn was unveiled by Mr President , but during transfer, only $58.8bn was transferred, leaving a balance of N2tn unaccounted. NNPCL should re-assess her accounting system,” it said. It added that NNPLC should suspend the oil swap arrangement, remove subsidies on Premium Motor Spirit, and deregulate the sector to spur competitiveness and growth.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Subsidy: Reps demand NNPCL audit over unaccounted N2tn assetsThe House of Representatives has called for a forensic audit of the Nigerian National Petroleum Company Limited to determine its assets and liabilities as well as its current market value.
Read more »
Reps query NNPCL over 'missing' N2 trillion during transfer of assets from NNPCIn the report, the committee stated that NNPC Limited has not been able to account for the N2 trillion discrepancy.
Read more »
Newspaper Headlines: Reps demand NNPC audit over unaccounted N2tn assets | TheCableReports on the controversy trailing the Nigeria Air dominated the cover pages of Nigerian newspapers.
Read more »
Fuel Subsidy: House Of Reps Demands Audit Of Nigerian Company, NNPCL Over Missing N2trillion Assets Under Buhari | Sahara ReportersThe House of Representatives has called for a forensic audit of the Nigerian National Petroleum Company Limited to determine its assets and liabilities as well as its current market value. According to the House, the audit has become necessary due to the metamorphosis of the Nigerian National Petroleum Corporation into a limited liability company.
Read more »
BREAKING: Reps declare Nigeria Air launch a fraudMembers of the committee were shocked when NAMA disclosed that the aircraft bearing Nigerian colours was on a chartered flight to Nigeria.
Read more »
Terminating passport contract will cost FG N22bn — RepsThe committee stated that “time will be of the essence if the contract expressly states it or if there are clauses to show that parties intended time to be of the essence.”
Read more »