NNPC owing Nigeria N236 Billion - Reps order payback in 1 Month

Nigerian National Petroleum Corporation (NNPC) has been ordered to return N236 billion to the treasury of the federal government within a month.

The order was given by Adeola Olamilekan, chairman of the House of Representatives on Public Accounts, who said it was in line with the query of the auditor-general of the federation which the corporation failed to defend before the committee.

Mr. Andrew Yakubu, group managing Ddrector of the Corporation, who was billed to appear before the committee, but delegated Mr.  Abdullahi Kalami, general manager, Process and Procedures  of the NNPC to represent him.

The committee turned back Kalami on the ground that he was not competent to defend the corporation on such a sensitive matter and ruled that it should pay the N236 billion to the consolidated accounts of the federation within one month. http://nigeriacommunicationsweek.com.ng/news/reps-order-nnpc-to-cough-out-n236bn

Olamilekan advised that the corporation could  approach a court of competent jurisdiction once the ruling was passed to the entire House for ratification, if not satisfied.

He explained that the Committee took the decision as the last resort since the Corporation had refused to provide necessary documents or defend itself and that the PPPRA and other relevant agencies had appeared before the committee and submitted that the money was with the corporation.

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