The Nigerian National Petroleum Corporation, NNPC, on Thursday said that it had been remitting all revenues accruing to it to the Federation Account. The corporation’s Group Managing Director (GMD), Maikanti Baru, gave the clarification when he hosted members of the Senate Committee on Petroleum (Upstream) who were at his office in Abuja on an oversight […]
Tag: NNPC Revenue Figures’ Discrepancies to FAAC Meetings
President Buhari Orders Review Of Federation Account’s Revenue Template
President Muhammadu Buhari on Friday ordered the review of the revenue reporting template for the Federation Account Allocation Committee (FAAC). The Presidential order was conveyed by the Minister of Finance, Mrs. Kemi Adeosun, while giving a breakdown on how the N821.9 billion June revenue accrual was distributed to tiers of government. The minister said that the […]
Adeosun Carpets NNPC Over Shoddy Revenue Report To FAAC
In what appeared a major step towards transparency and accountability in the nation’s public finance system, the Minister of Finance, Mrs. Kemi Adeosun, today lambasted the Nigerian National Petroleum Corporation (NNPC) over its revenue discrepancies noticed at the Federation Accounts Allocation Committee (FAAC) meeting yesterday in Abuja. The minister at a briefing in Abuja described […]