Despite the claims by the Office of the Auditor General for the Federation and the Socio-Economic Rights and Accountability Project that the defunct Nigeria National Petroleum Corporation did not remit $2.04bn and N164bn into the Federation Account in 2020 before transitioning into a commercial venture, the federal government was more indebted to the national oil company with about N4.1trn ($9.74bn) for subsidy payment, THE WHISTLER can report.
SERAP had in a letter dated February 17, 2024, and signed by its Deputy Director, Kolawole Oluwadare, urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing $2.04bn and N164bn in oil revenues.”
