The Federal Government under the
leadership of President Muhammadu Buhari has dissolved the Board of the
Nigerian National Petroleum Corporation (NNPC).
The dissolution, according to a
letter signed,Friday, by the Head of the Civil Service of the Federation, Mr.
Danladi Kifasi, was with immediate
effect.
The Federal Government thanked members
of the dissolved board for their service to the nation
In November 2013 after a report was
published by Swiss Non-governmental advocacy organization - Erklärung von Bern
- allegations of heavy fraud surfaced, placing the
NNPC under suspicion of
siphoning off $6.8 billion in crude oil revenues.
On the December 9, 2013, a letter from
the Central Bank of Nigeria (CBN) Governor to former President Dr
Goodluck Ebele Jonathan, dated September 25, 2013 showing details that the NNPC
had not remitted over $49.8 billion proceeds of crude oil sales to the
Government surfaced. Investigations later showed that out of the unremitted
$49.8 billion, $20 billion was actually embezzled. No staff of the NNPC or
Ministry of Petroleum has so far been punished, though on Thursday, February
20, 2014, the whistle-blowing CBN Governor was suspended from office by the
President.
Till date, the NNPC under the control
of the board sacked by Buhari has yet to remit $1.48 billion owed Nigeria LNG
The
Federal Government under the leadership of President Muhammadu Buhari
has dissolved the Board of the Nigerian National Petroleum Corporation
(NNPC).
The dissolution, according to a letter signed,Friday, by the Head of the Civil Service of the Federation, Mr. Danladi Kifasi, was with immediate effect.
The Federal Government thanked members of the dissolved board for their service to the nation
In
November 2013 after a report was published by Swiss Non-governmental
advocacy organization - Erklärung von Bern - allegations of heavy fraud
surfaced, placing the NNPC under suspicion of siphoning off $6.8 billion
in crude oil revenues.
On the December 9, 2013, a letter from the Central Bank of Nigeria (CBN) Governor to former President Dr
Goodluck Ebele Jonathan, dated September 25, 2013 showing details that
the NNPC had not remitted over $49.8 billion proceeds of crude oil sales
to the Government surfaced. Investigations later showed that out of the
unremitted $49.8 billion, $20 billion was actually embezzled. No staff
of the NNPC or Ministry of Petroleum has so far been punished, though on
Thursday, February 20, 2014, the whistle-blowing CBN Governor was
suspended from office by the President.
Till date, the NNPC under the control of the board sacked by Buhari has yet to remit $1.48 billion owed Nigeria LNG
- See more at: http://www.newsdirectonline.com/newstory.php?ID=12046#sthash.aobdOKNT.dpuf
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