NNPC shortchanged us by N20b – states


State Commissioners of Finance have claimed that the Nigerian National Petroleum Corporation (NNPC) shortchanged the the Federation Account by N20 billion.

The NNPC had on Thursday, accused state governors of making unnecessary demands, stating that the Governors are asking the corporation to remit additional N40 billion to the Federation Account Allocation Committee, FAAC.

The Chairman of the Forum of States Commissioners of Finance, Lag. Mamoud Yunusa, told journalists in Abuja, Saturday night that instead of N 147 billion, NNPC remitted N127 billion. He added that the N3,5 billion which the corporation claimed to have spent on leaking oil pipelines was another area of contention as the Department of Petroleum Resources claimed ignorance of it.

The logjam has affected prompt payment of June salaries of public servants. No new data has been set for FAAC.

Meanwhile NNPC said that it would be meeting with Vice President Yemi Osinbajo, to address the issue.

In a text message in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, said the decision to address the issue with the Vice President was due to the stance of the state commissioners of finance.

He said, “The issue will be resolved with the Vice President who chairs the National Executive Council, NEC.”


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