Monday 11 April 2016

NNPC WITHHELD $4.2B PROCEEDS IN SECOND HALF OF 2015, SAYS REPORT

NNPC HeadquartersA new analysis from the Natural Resource Governance Institute (NRGI) has shown that the Nigerian National Petroleum Corporation (NNPC) remitted only $2.1 billion out of the $6.3 billion it made from the sale of oil and gas during the second half of 2015.

Though, the corporation said that it had commenced meeting with some officials of the NRGI toward reviewing the report, the analysis indicates that NNPC withheld $4.2 billion during the period.

Read more @ The Guardian

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