APC-Logo1The 11 governors of the All Progressives Congress (APC) under the aegis of the Progressive Governors’ Forum Monday challenged the Nigerian National Petroleum Corporation (NNPC) to reveal the total oil revenue realised by the country since January 2013.

The governors, who were responding to Monday’s statement by the corporation that it did not owe the Federation Accounts Allocation Committee (FAAC) N2.3 trillion, also challenged the NNPC to disclose the total amount that had been paid into the account of any government agency.

A statement from the APC governors described the position of the NNPC “as escapist, dishonest, contradictory and in many respect fraudulent.”

In addition, the governors demanded to know how much had been paid to settle outstanding subsidy payments as well as the other associated cost of operations and losses incurred in crude oil production.
They also urged the leadership of the National Assembly to urgently step into the matter and “protect the sanctity of the 1999 Constitution.”

The NNPC had through its Acting Group General Manager, Group Public Affairs Division, Ms. Tumini Green, explained that taking into account outstanding subsidies and other associated costs of operations and losses, the corporation had consistently paid all monies due to the Federation Account into its Central Bank of Nigeria (CBN) account.

Furthermore, she stated that not all revenues collected by NNPC were paid directly into the accounts of the Federation Account with the CBN.

But the governors said: “The question is how much was the revenue collected by NNPC? How much of it was paid to the Federation Account? How much was paid to accounts of other relevant government agencies? How much are credited to FAAC? How much was committed to the payment of so-called outstanding subsidies? What other associated costs of operations and losses incurred and how much?”

According to them, problems of accountability and arbitrary management of oil revenue by the NNPC was the crux of the current FAAC dispute.

“Mr. President needs to urgently intervene to protect the image of the Federal Government and safeguard the provisions of the 1999 Constitution. We, therefore, urgently call on Mr. President to call NNPC and Ministry of Finance to order,” they added.

They cited section 162(1) of the 1999 Constitution, which states that: “The Federation shall maintain a special account to be called “the Federation Account” into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the armed forces of the Federation, the Nigeria Police Force, the ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja.”

Continuing, the governor pointed out that nowhere in the constitution was any exception granted for any collectible revenue outside “proceeds from the personal income tax of the personnel of the armed forces of the federation, the Nigeria Police Force, the ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory (FCT), Abuja,” provided.

 

Information from This Day was used in this report.

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