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LequteMan
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Is $49.8billion oil proceeds missing, as alleged by Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi? The Nigerian National Petroleum Corporation (NNPC), which Sanusi says is still owing the Federal Government N22billion, insists no cash is missing.
The debt arose from NNPC’s failure to pay its levies under the Nigerian Export Supervision Scheme (NESS).
Sanusi raised the alarm over the non-remittance of oil proceeds into the Federation Account because of the looming shortfall in revenue accruable to the country.
Click source to see more- The Nation
The debt arose from NNPC’s failure to pay its levies under the Nigerian Export Supervision Scheme (NESS).
Sanusi raised the alarm over the non-remittance of oil proceeds into the Federation Account because of the looming shortfall in revenue accruable to the country.
Click source to see more- The Nation