The
Nigerian National Petroleum Corporation (NNPC) has dismissed the claim that the
sum of $10.8billion, out of the alleged unremitted $49.8 billion crude oil
fund, was missing. Rather the corporation said that the money has been spent on
the various services it renders for the government, such as “the unpaid
subsidies on kerosene and premium motor spirit (PMS), bulk importation of the
PMS and the maintenance of national strategic reserves for petroleum products.”
In
a statement issued in Abuja, Dr. Omar Ibrahim, the GM Public Affairs Division
of the corporation also listed the repairing and maintenance of vandalised
pipelines, as some of the responsibilities of the NNPC, for which the billions
have been applied.
“The
corporation is left to bear these responsibilities on behalf of the Federal
Government, the cost incurred in this mandate is also part of the $10.8 billion
yet-to-be-reconciled outstanding figure,” Ibrahim said.
NNPC
further stated that at the end of the day, the parties would make their
findings public as they did last time.
“It
is therefore incorrect for anyone to continue to misinform the public that the
sum of $10.8billion or $12billion of oil revenue, is missing,” the statement
added.
Read
the report of the account reconciliation committee here:Text of a Press
Conference by the Minister of Finance
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