NNPC Says NEITI Claims Of Unremitted N7trn Spurious

NNPC Says NEITI Claims Of Unremitted N7trn Spurious

The Nigerian National Petroleum Corporation (NNPC) has described as spurious allegations by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the corporation and its subsidiary failed to remit to the federation account over N7.2 trillion, Daily Trust reports.

Reacting to the agency yesterday in a phone interview, NNPC spokesman, Ndu Ughamadu said the corporation’s finance directorate was studying the issues raised by NEITI after which it will make its views known.

He however knocked the transparency body for being fond of going public, “as if without NNPC it cannot market its views.” Ughamadu said, “As far as we are concerned, we are tired of the spurious allegations by NEITI. Every month it is NNPC, NNPC as if they don’t have anything to do.”

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