NPDC owing govt $5.531bn, N72.435bn in unremitted funds – NEITI

13 April 2017, Sweetcrude, Abuja – The Nigeria Extractive Industries Transparency Initiative has revealed that the Nigerian Petroleum Development Company, NPDC – the upstream arm of the Nigerian National Petroleum Corporation, NNPC, was owing the federation $5.531 billion and N72.435 billion, According to NEITI, the amounts represented unremitted funds by the company to the Federation Account. […] More »