Amid NASS Probe: NEITI Uncovers $9.85bn Debts Owed Federal Govt By Oil Firms, Others

The House of Representatives ad-hoc committee investigating crude oil theft and loss of revenues from oil and gas companies has again insisted that agencies and other stakeholders in the industry evading the ongoing investigation appear before it unfailingly.

This is as the total unremitted revenues to the Federation by some relevant government agencies and companies in the oil and gas sector in the year 2021 have risen to over $9.85 billion.

The figure and other vital pieces of information and data about Nigeria’s petroleum sector were revealed in the 2021 Oil and Gas Industry Report unveiled by the Nigeria Extractive Industries Transparency Initiative (NEITI), in Abuja, yesterday.

Reports have it that the investigative panel has insisted that the heads of the Nigeria National Petroleum Ltd, (NNPCL), Nigeria Maritime Administration and Safety Agency (NIMASA) and the Nigeria Inland Waterways Authority (NIWA), amongst others, must appear physically for the investigation.

This is even as the committee has continued to unearth stunning revelations of massive oil theft, suggesting grave collusion of regulatory agencies and their collaborators in the oil and gas sector.

A compilation of the outstanding financial liabilities due to the Federation by the NEITI report indicated that a total of $13.591 million revenues was payable to the Federal Inland Revenue Service (FIRS) as of July 31, 2023, while the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had outstanding tax collectible revenues of $8.251 billion as at December 31, 2022.

The report also showed that over 80 per cent of these outstanding financial liabilities are owed by NNPCL

Executive secretary of NEITI, Dr. Orji Ogbonnaya Orji, who presented the highlights of the report, stated that the information and data contained in NEITI’s latest report paid special attention to helping the government at all levels to shore up revenue, support national development and poverty reduction through resource mobilisation. The report therefore provided an update on the financial liabilities of the NNPCL and some companies to the federation.

Credit Leadership

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate

BREAKING NEWS: NARD SET TO CALL OF STRIKE AFTER SENATE'S INTERVENTION

••• Cancels Planned National Protest Striking members of the Nigerian Association of Resident Doctors (NARD) are set to call off their two week old strike after a closed door meeting with Principal Officers of the Senate on Tuesday. Adressing the media shortly after the closed door meeting with President of the Senate, Godswill Akpabio and other Principal Officers of the Senate, National President of the association, Dr Emeka Innocent Orji, stated "we had a very fruitful meeting with the Senate led by the President of the Senate and from our discussions with them, we are very hopeful that when we table our discussions today before the NEC, something positive would come out. "From our interaction with the President of the Senate and the practical demonstration he did before us today, we are very confident that there would be light at the end of the tunnel in the next 24 hours. "Because of the intervention of the President of the Senate, who is the number three citizen an

AMB CHARLES NWONYE ATTENDS HON ERNEST N.OBIORA'S 46TH WEDDING ANNIVERSARY AND 80TH BIRTHDAY CELEBRATION.

The big celebration started with a High Mass lead by His Lordship Bishop Jonas Benson Okoye at St Vincent De Paul parish Uruagu Nnewi, in the mass were some dignitaries, amongst who were Dr Cletus Ibeto, His Royal Highness Igwe Kenneth Orizu ( Igwe Nnewi), Obi Uruagu his Highness Obi Charles Afamefuna Obi, Obi Nnewichi his Highness Obi George Onyekaba, Hon Chris Azubuogu, and among others. After the mass, the reception which was at Munic Classic Hotel where all dignitaries were entertained, Amb Charles Nwonye stayed briefly and left to visit and consult with the Umuada Anaedo Forum women at Obi Okpunoegbu to present his political ambition to the women. They supported and prayed for the success of his project. © Media Team Charley nwa Nwonye

NIGERIAN NOTCH

Search This Blog