Abuja - The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Zainab Shamsuna-Ahmed, said about 160 million barrels of oil valued at $13.7bn was stolen under the watch of Nigerian National Petroleum Corporation between 2009 and 2012, Punch reports.
She also said that subsidy payment from 2005 to 2012 indicated that $11.63bn had been paid to the NNPC but that “there is no evidence of the money being remitted to the federation account.”
Also read: Buhari vows to probe ‘missing’ NNPC $20 billion
The NEITI boss, who called on the Federal Government to privatize the refineries, stated this during a courtesy call on Governor Nasir el-Rufai, at Sir Kashim Ibrahim Government House, Kaduna, on Wednesday.
Governor El-Rufai disclosed that since he called for the scrap of the NNPC, the corporation has being sponsoring articles in the media to attack him to fight on till NNPC will be killed.
Read more at Punch
- News 24