NEWS
NEC orders NNPC, NPDC, FIRS, Customs, others to refund N8trn unremitted fund ABUJA – THE National Economic Council, NEC, Thursday, directed the federal government revenue agencies like the Nigeria National Petroleum Corporations, NNPC, Nigerian Petroleum Development Companies, NDPC, Nigerian Custom Service, Nigerian Ports Authority among others to refund N526 billion and $21 billion which is about N8 trillion that was under-remitted to federation account. The NEC at its meeting presided over by the Vice-President Yemi Osinbajo at the Presidential Villa, Abuja, received the final report of the forensic audit of the agencies conducted by the international firm, KPMG and observed that eighteen agencies did not remit the appropriate money to the nation’s treasury. Other agencies to refund the money include Federal Inland revenue Service, FIRS; Nigerian Maritime Administration and Safety Agency, NIMASA; Nigerian Communications Commission, NCC; Central Bank of Nigeria, CBN; Department ...