Sunday, 6 October 2013

NNPC DENIES OWING FAAC



The Nigerian National Petroleum Corporation, NNPC says contrary to widespread reports, it does not owe the Federal Accounts Allocation Committee any revenue.
The position was contained in a statement published today (Sunday) in Abuja by the Acting Group General Manager, Public Affairs Division of the NNPC, Tony Green.
The statement said the recent attacks on the NNPC were based on baseless and unwarranted evidence, aimed at distracting the corporation’s leadership from its assignment.
Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, had on Saturday, cleared the NNPC of any default in revenue remittance to the federation account for the month of July this year.
Dr Okonjo-Iweala said the NNPC has paid the seventy-five billion naira owed the Federation Account, adding that the various states of the federation has been given their due share of the revenue.
A disagreement over payments of revenue generated by the NNPC has deadlocked meetings of Federal Accounts Allocation Committee, with state Commissioners of Finance abandoning the meeting.

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