Business Reps to probe NNPC over unremitted N22trn crude sales- Daily Trust

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Following recent revelations that the Nigeria National Petroleum Corporation (NNPC) has remitted only $7 billion out of $20.9 ($13.9bn about N22trn) of crude oil sales this year, the House of Representatives yesterday said it will investigate non-remittance of crude oil sales by the corporation.

The house resolved to set up an ad hoc committee that will look into the issue with a view to ascertaining the volume and value of crude oil sales and remittances into the Federation Account from January to date and report back within four weeks.

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