Nigeria’s Revenue Mobilization Allocation and Fiscal Commission
(RMAFC) has tagged NNPC’s bill to the federal government for 2011
through 2015 at $25 billion. According to RMAFC, the state oil firm
failed to transfer the necessary funds to the federal government.
Last
week Nigeria’s auditor general said NNPC had failed to remit $16
billion to the state for 2016 alone. NNPC denied the charge. According
to NNPC it only owed $1.64 billion. “NNPC wishes to state in strong
terms that the AuGF’s (Auditor General of the Federation’s) declaration
is erroneous,” it said in a statement, adding that the auditor-general
had failed to account for costs including a fuel subsidy, pipeline
vandalism, and maintenance.
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