• Allegation mounts over NNPC unremitted revenue

    Allegation mounts over NNPC unremitted revenue

    A sharp decline in global oil prices has affected the economy of Nigeria but investigations revealed that the Nigerian National Petroleum Corporation (NNPC) may have withheld several billions of Dollars in oil revenue from its Okono OML 119 oil field. Assistant Editor Seun Akioye reports

    SIX years ago, Dr. E.O Ayoola, a Managing Director at the Nigerian Petroleum Development Company (NPDC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC), in the company of the company‚Äôs Legal Counsel/Company Secretary, I. Owugie […]