Following a recent alarm raised by one of its members, Mr. Haruna
Manu, that about $13.9bn crude oil revenue could not be accounted for by the NNPC.
The House of Representatives has ordered another...
round of
investigation into crude oil sales and remittances by the Nigerian
National Petroleum Corporation.
Manu, who quoted from statistics allegedly generated by the NNPC, told
the House that the value for crude oil sales from January to August
stood at $20.9bn.
He, however, said only $7bn was remitted to the Federation Account by
the corporation.
Manu added that "this shows that $13.9bn was not accounted for and it
raises questions about how it was spent."
He claimed that from September to date, the corporation had not given
an account of crude oil sales.
The Acting Group General Manager, Group Public Affairs Division, NNPC,
Ms. Tumini Green, could not be reached to comment on the allegations
made in the report.
Several calls made to her mobile telephone line did not go through.
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