The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele K. Kyari has denied allegation that the Corporation has not remitted $21 billion revenue to the Federation Account.
The said revenue was said to have accrued from Nigeria’s vast gas natural resources, the Liquefied Natural Gas (LNG) export.
Speaking at a sideline of an event while answering questions from news men, Mallam Kyari cleared the air on the allegations of non-remitted $21 billion.
He noted that “the LNG accounts are TSA accounts domiciled with the Central Bank of Nigeria (CBN) so it is practically impossible not to remit money into the Federation Account.”
Watch video:
VIDEO:
GMD Mallam @MKKyari clears the air on allegations @NNPCgroup has not remitted $21bn @nigeriaLNG revenue to the Fed. Account:
"The @nigeriaLNG accounts are TSA accounts domiciled with the @cenbank. So,it is practically impossible not to remit money into the Fed. Account" pic.twitter.com/CE1im6kfc2
— NNPC Limited (@nnpclimited) November 12, 2020
