Chairman, Reps C’ttee On Finance Lied On Shortfall In Revenue Remittance – NNPC

nnpcThe Nigerian National Petroleum Corporation, NNPC, has debunked allegations by the Chairman, House of Representatives Committee on Finance, that the corporation had not remitted N320.654 billion to the Federation Accounts Allocation Committee (FAAC).

This is contained in a statement issued by the acting Group General Manager, Public Affairs, NNPC, Ms Tumini Green, on Monday in Abuja.

“We refer to a statement credited to Chairman, House of Representatives Committee on Finance, alleging that the NNPC has short-changed the Federation Accounts Allocation Committee to the tune of N320.654 billion between January and September.”

It said that the figure did not emanate from the NNPC adding that it “only exists in the imagination of the peddler”.

The statement noted that the management of NNPC had been operating an open-door policy and would have responded if the member had requested to be informed on the issues raised.

It recalled that the House Committee on Petroleum, Upstream, one of the three committees responsible for oversight function on NNPC, was at the corporation’s headquarters on Sept. 26  where NNPC management presented all the facts relating to oil production and sales to them.

“Members of the committee sought clarifications on a number of issues and were pleased with the explanations given.

“The committee indeed commended NNPC management for its openness and unprecedented disclosure of information on its operations and activities.

“We note that the said member of the House of Representatives was not on that delegation”.

It said the corporation was at all times ready and willing to provide information to stakeholders and members of the public (NAN)