National Economic Council orders NNPC, others to refund N8tr revenue

NNPC worried over encroachment on pipeline’s right-of-way

National Economic Council has ordered 18 federal revenue collection agencies, including Nigerian National Petroleum Corporation (NNPC), to refund the over N8 trillion revenue they failed to remit into the federation account.

Other affected agencies, include Federal Inland Revenue Service, Nigeria petroleum Development Company, Nigeria Port Authority, National Maritime Authority, Nigerian Maritime Administration and Safety Agencies.

Others are Department of Petroleum Resources, Central Bank of Nigeria, Nigerian Communication Commission, and Nigeria Customs Service.

This is the outcome of the final audit conducted by KPMG, on the agencies for a period between 2010 and 2015.

The report was submitted by the ad-hoc committee set up the council to investigate the alleged non full remittance of revenue by the agencies.

The Committee Chairman, Governor Ibrahim Dankawabo, who said the final audit report was adopted by the council, told the state house correspondents after the meeting, that the unremitted revenue, include $21 billion, and N526 billion.

The Governor explained that the committee will refer to the attorney general any form of criminal infraction it discovered in the non-remittance of the revenue.

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