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Nigerian lawmakers to investigate state oil firm over 'insufficient' remittances | Africanews - 9 months ago, 11 July 07:23

Africanews

Nigerian lawmakers voted on Tuesday to investigate the state oil firm over a shortfall in revenue remittances to government coffers, in a motion passed by the lower house of parliament.

Last month, Nigeria’s finance minister called the Nigerian National Petroleum Corporation’s (NNPC’s) payments to the government account “unacceptable”, as they were less than expected in light of higher crude oil prices.

Those publicly-raised concerns triggered Tuesday’s vote by the House of Representatives to probe NNPC, which noted an “under remittance of about 100 billion naira ($327.65 million).”

The house resolved to establish an ad-hoc committee to investigate crude oil sales and other sources of funds to NNPC for May and June and is due to report back in two weeks.

Nigerian opposition agrees to unite against Buhari in 2019 elections

An NNPC spokesman told Reuters the company had not yet seen the house’s resolution to investigate so could not comment ...
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