The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked reports that it was indicted by an Audit Report for non-remittance of funds into the Federation Account.
The Commission in a response to a media report said that it cannot remit funds into the federation account that it never received.
The report had claimed that a 2022 Report from the office of the Auditor General of the Federation indicted the Nigerian Customs Service and the NUPRC for non-remittance of billions of Naira.
“Clearly shows a lack of understanding of the composition and responsibility of the NUPRC,” the commission said in a statement signed by the head, Public Affairs and Corporate Communications, Olaide Shonola,
The statement added, “ The newspaper quoted the report as indicating that N151.121bn deducted by the Nigeria National Petroleum Company Limited (NNPCL) on behalf of NUPRC (formerly Department of Petroleum Resources) as royalty for 2020 was not captured in the federation account.
“In the first place, the audit report under reference is that of the Year 2020.
