federation account

The Nigerian National Petroleum Corporation (NNPC) has said that it has been faithfully remitting all revenues accruing to it into the Federation Account. Group Managing Director NNPC, Mikanti Baru, disclosed this while receiving members of the Senate Committee on Petroleum (Upstream) who were...

The federal government of Nigerian has claimed that 15 revenue generating agencies failed to remit N8.1 trillion to the Federation Account between 2010 and 2015. The minister of Information and Culture, Alhaji Lai Mohammed made the allegation on Monday in Osogbo, Osun State, while...

The 36 states shared N173.8 billion from the Federation Account in September from the distributable revenue generated for the month. The breakdown was obtained by the News Agency of Nigeria (NAN) in a report from the office of the Accountant-General of the Federation in Abuja. From the data...

The Nigeria Extractive Industries Transparency Initiative (NEITI) have said that the Nigerian National Petroleum Corporation (NNPC) failed to remit about N1.804.6 trillion to the federation account in 2014. The NEITI 2014 oil and gas industry audit released over the weekend showed gave that...

The Nigerian National Petroleum Corporation (NNPC) continues to withhold billions of dollars in oil sale revenues from the treasury under President Muhammadu Buhari’s administration, a new report said. The report released yesterday by the Natural Resource Governance Institute (NRGI) said in the...