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NEWS and REPORTS => Nigerian News => Topic started by: ChannelsTV on Mar 17, 2013, 11:30 PM

Title: NNPC Must Remit Withheld Revenue, House Insists
Post by: ChannelsTV on Mar 17, 2013, 11:30 PM
The House Committee on Finance has insisted that the Nigeria National Petroleum Corporation (NNPC) must remit the revenue due to the Federal Government of Nigeria.

Chairman of the Committee, Rep. Abdulmumin Jibril, dismissed the explanations by the agency that it has been operating on a loss.

Abdulmumin further said agencies such as the Central Bank of Nigeria (CBN) and the Nigerian Ports Authority (NPA) have remitted over N100 billion of their withheld revenue and the NNPC must do likewise.

Via: ChannelsTV
Title: Re: NNPC Must Remit Withheld Revenue, House Insists
Post by: Folami David on Mar 18, 2013, 05:18 PM
They have to resolve whatever is the issue between them. I guess they have to do as they are told at this stage.