NNPC failed to remit $16.1 bln to public purse in 2014 – AGF

The auditor-general of the federation said on Monday that the Nigerian National Petroleum Corporation (NNPC) failed to remit 3.2 trillion naira ($16.1 billion) to the public purse in 2014,Reuters reports.

Samuel Ukura, who presented his findings in a report to lawmakers at the national assembly, also said other government ministries and agencies had failed to remit funds which took the total figure not passed on to 3.3 trillion naira for that year.

Development in Nigeria, Africa’s biggest oil producer and largest economy, has been stunted by decades of corruption and mismanagement.

No Comments Yet.

Leave a comment