The Nigerian National Petroleum Corporation (NNPC) insisted Thursday that it has been faithfully remitting all revenues accruing to it to the Federation Account.
A statement from the corporation in Abuja quoted the Group Managing Director of the NNPC, Mr. Maikanti Baru, saying so while giving clarification to members of the Senate Committee on Petroleum who were at the headquarters of the corporation on oversight visit.
Baru said allegations of non-remittance of funds had become a recurrent decimal over the years, occasioned in part, to the nature of the corporation’s operations which involves credit lines requiring constant audit and reconciliation.
Baru stated that such allegations usually arose from disagreements over expenses borne by the corporation on behalf of the Federal government