Between the year 2009 and 2012, close to 160 million barrels of oil estimated at $13.7bn was lifted under the watch of the national oil giant, Nigerian National Petroleum Corporation, this was reported by the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Hajiya Zainab Shamsuna-Ahmed.
Hajiya Zainab also said the subsidy payment from 2005 to 2012 suggested that $11.63bn had been paid to the NNPC but that “there is no evidence of the money being remitted to the federation account.”
The NEITI boss, who called on the Federal Government to privatize the refineries, stated this during a courtesy call on Governor Nasir el-Rufai, at Sir Kashim Ibrahim Government House, Kaduna, on Wednesday.
El-Rufai is among the four governors appointed by the National Economic Council to investigate the accounts of the Nigerian National Petroleum Corporation and the Excess Crude Account managed under the regime of former president Goodluck Jonathan.
Part of the terms of reference was to decipher the N3.8trn not remitted to the Federation Account by the NNPC between 2012 and May 2015, as well as $2.1bn said to have been subtracted from the Excess Crude Account.
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