FG probes NNPC, oth­ers for re­mit­ting dol­lar rev­enue in naira

Daily Trust - - NEWS - By Isi­aka Wak­ili

The Fed­eral Gov­ern­ment is prob­ing the Nige­rian Na­tional Petroleum Cor­po­ra­tion (NNPC), the Nige­rian Mar­itime Ad­min­is­tra­tion and Safety Agency (NIMASA), the Nige­rian Port Au­thor­ity (NPA) and other agen­cies for re­mit­ting in naira de­nom­i­na­tion, rev­enues col­lected in dol­lars.

The gover­nor of the Cen­tral Bank of Nige­ria (CBN), Mr God­win Eme­fiele, re­vealed this yesterday dur­ing the Na­tional Eco­nomic Coun­cil (NEC) meet­ing held at the Aso Rock Pres­i­den­tial Villa in Abuja.

Brief­ing State House cor­re­spon­dents af­ter the meet­ing, Cross River State Gover­nor, Ben Ayade quoted the CBN helms­man as dis­clos­ing that the agen­cies were cur­rently be­ing in­ves­ti­gated over the mat­ter.

“A brief re­port on the Fed­eral Gov­ern­ment agen­cies re­mit­ting dol­lar rev­enues in naira into the fed­er­a­tion ac­count was also given by the CBN gover­nor. He (Eme­fiele) said in­ves­ti­ga­tions are on­go­ing. Such agen­cies in­clude but not lim­ited to NNPC, NIMASA and NPA,” Ayade said.

He said the CBN gover­nor also told the coun­cil that 27 states had re­quested for a $10 bil­lion con­ces­sion­ary loan based on the “col­la­ter­i­sa­tion” of the Ex­cess Crude Ac­count.

Ayade quoted Vice Pres­i­dent Yemi Os­in­bajo who chaired the NEC meet­ing as say­ing that pro­cesses were be­ing un­der­taken to re­im­burse states that had fol­lowed the right pro­ce­dure and due process in in­cur­ring ex­penses on fed­eral road projects.

Taraba State Gover­nor Dar­ius Dick­son Ishaku said the vice pres­i­dent con­firmed that the Fed­eral Gov­ern­ment was work­ing on how to as­sist flood-af­fected states

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