Business Unremmitted $16bn: NNPC Says AGF's Declaration is Erroneous

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The Nigerian National Petroleum Corporation, NNPC, on Wednesday has stated that the allegation made by the Office of the Auditor General of the Federation concerning unremmitted funds is false.

Related: Fresh N3.2tn Discrepancy Uncovered in NNPC

Malami had said NNPC failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 were wrong.

"NNPC wishes to state in strong terms that the AuGF's declaration is erroneous," it said in a statement.

The NNPC under the past Goodluck Jonathan administration was perceived to be embroiled in a lot of corrupt practices. The current President Muhammadu Buhari administration has stated that it is dedicated to stamping corruption out of the nation's system, with the oil sector included.
 

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