The Nigeria National Petroleum Corporation (NNPC) did not remit $12.9bn to the federation account between 2005 and 2013,” Waziri Adio, executive secretary of the Nigeria Extractive Industry Transparency Initiative (NEITI), said on Wednesday.
Adio made this revelation before a packed chamber of the Nigeria senate. The NEITI boss, who was speaking on the agency’s 2013 audit report of the oil and gas sector, was the first to be accorded the honour of making a presentation on such a matter before the upper legislative chamber in the present democratic dispensation.
He later expressed the historicity of the occasion in a series of tweets on his twitter handle- @waziriadio. “Thanks, Your Excellency for giving us the rare opportunity to address @NGRSenate on this very critical national issue,” Adio said in reference to Senate President Bukola Saraki “We are grateful for the opportunity granted by SP @bukolasaraki and distinguished senators to brief @NGRSenate today on @nigeriaeiti reports.
“This is historic, being the first time @nigeriaeiti’s reports will be taken seriously by NASS. We welcome the committee set up by @NGRSenate.
“We hope this marks a real turning-point in fixing the deep gaps in our extractive sector. Thanks again to [email protected].”
Indubitably, by its action in adopting the report and setting up a committee to look into it, the senate has set a record in the war against corruption. Among other revelations, the NEITI boss asserted that Nigeria was only sure of the amount of crude oil it exports, but could not say the quantity of the commodity it produces.
He explained that the lack of accurate information on the actual quantity of crude oil Nigeria produces was compounded by the absence of a proper metering system.
“In 2013, the country produced 800.3 million barrels and out of that the country made $58.07 bn and that represents …Read More
Source:: Linda Ikeji Blog