The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday revealed how the Nigerian National Petroleum Corporation (NNPC) and its sub-units either lost or refused to remit a total of N2.23 trillion, consisting of $9.75 billion and N378.67 billion, to the federation account as earnings from various aspects of its operations in 2013.The Chairman of the NEITI Board, Dr. Kayode Fayemi, at the presentation of the report yesterday in Abuja, said some revenues that should have gone to the Federation Account in 2013 didn’t make it .
Read more @ The Guardian
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