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THE Nigerian National Petroleum Corporation Limited (NNPC) didn’t remit $1.9billion to the government’s account at the end of 2021.
This is according to the audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI).
Speaking in Abuja yesterday, Ogbonnaya Orji, head of NEITI said the organisation “discovered this information and felt it was important that the public knows about it.”
Orji said crude oil production dropped from 39.08 million barrels in 2020 to 37.57 million in 2021, adding; “This decline is attributed to reduced crude oil production in that period, affecting 29 companies.”
Malam Nasir El-Rufai, former governor of Kaduna State, had called for the privitaisation of NNPCL over non-remittance of funds.
