Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

Pages: [1] Go Down

Topic: Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt (Read 1326 times)

0 Members and 1 Guest are viewing this topic.

Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

« on: September 23, 2023, 07:00:17 PM »

Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the Federation Account in 2021 before transitioning to a commercial venture, the federal government has the biggest indebtedness to the national oil company with about N4.1trn ($9.74bn) for outstanding subsidy payment. […]

Source: Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

Invest in Bitcoins: https://hashflare.io/r/CF2F6691

Logged

Pages: [1] Go Up

« previous next »

Related Topics

Subject / Started by	Replies	Last post
Federal Government Approves N407 Billion Fuel Subsidy Started by sahara Newspaper Board	0 Replies 1733 Views	December 12, 2015, 01:01:05 AM by sahara
Fayose Berates Fayemi over N117bn Debt Claim against State Govt Started by thisday Newspaper Board	0 Replies 1125 Views	September 10, 2018, 01:03:06 PM by thisday
Fuel Subsidy: Federal Govt, States Head For Showdown Over FAAC Remittances Started by flukky-2 Newspaper Board	0 Replies 1296 Views	January 25, 2022, 07:08:18 PM by flukky-2
We’ll Deduct N243 Billion Fuel Subsidy From Federal Allocation For March – Nigerian Petroleum Company, NNPC Started by sahara Newspaper Board	0 Replies 1083 Views	March 21, 2022, 07:02:17 AM by sahara
N27bn Debt: Hotel Owner Seeks Federal Govt, Lagos Govt Intervention Over AMCON Takeover Started by flukky-2 Newspaper Board	0 Replies 1900 Views	May 12, 2022, 07:00:45 PM by flukky-2
Federal Govt Claims It Spends N18bn On Fuel Subsidy Daily Started by flukky-2 Newspaper Board	0 Replies 1023 Views	August 19, 2022, 07:10:46 AM by flukky-2
Fix Refineries Before Removing Fuel Subsidy, NECA DG Tells Federal Govt Started by flukky-2 Newspaper Board	0 Replies 1400 Views	March 08, 2023, 01:02:42 PM by flukky-2
FG's outstanding subsidy debt to NNPCL hits about ₦7.3 trillion Started by PulseNG General News	0 Replies 916 Views	September 27, 2023, 07:01:01 AM by PulseNG
Nigerian Govt denies asking NNPCL to sell fuel at N1000 per litre Started by flukky-1 Newspaper Board	0 Replies 531 Views	September 04, 2024, 01:00:53 AM by flukky-1
NEITI Releases Two-year Oil, Gas Report, Says Sector Owes FG over $6bn Started by thisday Newspaper Board	0 Replies 399 Views	September 27, 2024, 01:01:45 PM by thisday