NNPC Discharge Alleged $10.8bn Missing Oil Revenue

[Shola Sholaz]

Nigerian National Petroleum Corporation, NNPC, yesterday came out to clear the air over allegation of missing $10.8 billion of the controversial un remitted $49.8 billion oil revenue.
.
The General Manager, Media Relations Department, Group Public Affairs Division of the corporation, Dr. Omar Farouk Ibrahim, who stated this in a statement issued in Abuja, said no cash was missing.
.
Ibrahim explained that "the yet-to-be reconciled $10.8 billion could be located in the expenses on some of the responsibilities which the corporation carried out on behalf of the Federal Government, with respect to domestic crude oil utilisation.
.
He said: "The issues surrounding the allegation of unremitted $49.8 billion against the Nigerian National Petroleum Corporation, NNPC, have since been explained but it appears the initial dust raised in the process is yet to settle."

[femifemzy3]

Such stipulations always go unsolved. We never hear the last of it. Let's hope we'll hear the last of this one.

[Nifemi Donald]

Whether that is the truth or not, we are yet to find out. We can only wait to find out.