Finance Ministry Questions NNPC Remittances To Government, Again

Sunday, July 01, 2018    08.10AM / Felix Onuah and Camillus Eboh of Reuters    

Nigeria’s finance minister said on Thursday proposed revenue payments by state oil company NNPC to the government account were unacceptable because they were less than expected in view of raised crude oil prices.

Kemi Adeosun, told the National Economic Council advisory body the company’s accounts had not been approved because some costs could not be justified.

In a separate statement, NNPC said its 147 billion-naira ($482 million) June remittance to the government account was in line with terms agreed with state governors. 

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