2013 Audit Reports: FG To Investigate NNPC For Not Remitting $1.289bn —Fayemi

Minister of Solid Minerals Development, Dr. Kayode Fayemi
Dr. Kayode Fayemi

NATIONAL Stakeholders Working Group (NSWG), on Monday, recommended that the Federal Government should conduct a comprehensive investigation into the divestments of Federation assets by the Nigerian National Petroleum Corporation (NNPC) to NPDC.

It stated that the audit revealed that Nigeria Liquefied Natural Gas (NLNG) paid the sum of $1.289 billion as dividends, interest and loan repayment for 2013, which NNPC acknowledged receipt of the amount but did not remit it to either the Federation Government or the Federation.

Presenting the report during the Public Presentation of 2013 Oil and Gas Solid Minerals Industry Audit Reports at Rock view Hotel in Abuja, the Chairman of NSWG who double as Minister of Solid Minerals Development, Dr. Kayode Fayemi, further added that the government should also investigate the status of NLNG dividends.

The event was convened to present to the public the reports of the 2013 oil and gas and solid minerals audits, commissioned by the National Extractive Industries.



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