- The Nigeria National Petroleum Corporation (NNPC) has been subjected to intense criticisms in recent times
- Most of the criticisms are based on the shortage of petroleum products round the country
- The Nigeria Governor's Forum (NGF) is however more concerned about the NNPC's revene remittances to the federation account
The Nigeria Governors’ Forum (NGF) on Thursday, January 25, accused the Nigeria National Petroleum Corporation (NNPC) of short-changing the country in revenue remittances to the federation account.
Chairman of the NGF and Zamfara state governor, Abdulaziz Yari, made the accusation after presenting the forum’s grievances to President Muhammadu Buhari.
Yari was accompanied by Governors Aminu Masari (Katsina), Simon Lalong (Plateau), Udom Emmanuel (Akwa Ibom) and Nasir El-Rufai (Kaduna) to visit the president on behalf of the National Economic Council (NEC).
The governors were in the Aso Villa to meet with President Buhari on Thursday, January 25. Photo credit: Bayo Omoboriowo
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The governor said that a seven-man committee set up by NEC to interface with the NNPC on the low revenue remittances to the federation account had met with the agency.
“The meeting is decision in NEC that a seven-man committee was established to engage with the NNPC to discuss a way forward so that we can resolve some issues that are outstanding, more especially on the remittances to federation account.
“Yesterday, the seven-man committee sat with the NNPC group and then today we came to brief president about it.
“One of it is about how they are paying the joint venture cash call and we are seeing what is being remitted to the federal account for the entire people of Nigeria is lower.
“What is being paid as a result, as cash call, is higher than what is going to the federation account, and NEC is concerned about that,’’ Yari told State House correspondents.
According to the NGF chair, NEC raised a committee under his leadership to engage with NNPC to discuss the way forward “which we have discussed yesterday so we came to brief the president about it.’’
“We are not saying that we are being short changed as governors or as a state. But the entire federation is being short changed by these activities,’’ he added.
The governor said that one of the responses of the NNPC was that since 2010 there was no payment of joint venture cash call when the oil was $110 per barrel up to where the president (Buhari) took over in 2015.
“So what they are doing now, why the account of the federation account is always being low is because they are paying twice, paying the existing at the same time paying the arrears.
“So we sat down with them to fine-tune how best we are going to get the partners to understand where we are,’’ Yari added.
He noted that the position became important more especially where the oil price had started picking up.
“The prices are becoming moderately good and then we are slightly out of recession and then we want to sustain that tempo so that at least the gross can be retained,’’ he stated. (NAN)
The forum's allegation is coming barely 48 hours after the senator representing Kogi West senatorial district, Dino Melaye, accused the NNPC of corruption.
Melaye made the allegation on Tuesday, January 23, after he raised a point of order during plenary. He alleged that the NNPC opened a private account with a new generation bank with no BVN.
He went on to say a withdrawal of over $21 million which is about N7 billion, has been made, adding that the account has $100 million remaining currently. Melaye, however, promised to bring the matter back to the red chambers as a proper motion on another legislative day.
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Source: Naija.ng