The Nigerian National Petroleum Corporation has disclosed that it spent N966bn to repair pipelines between 2010 and 2015.
NNPC made this disclosure in response to the query raised in the 2016 report of the Auditor General for the Federation
The Chairman of the Senate Public Account Committee, Senator Mathew Urhoghide, is currently scrutinising the AuGF report.
The Senate panel insisted that the NNPC had a case to answer on why it allegedly failed to remit N4tn into the federation account as contained in the AuGF report.
However, the NNPC in its written response to the committee claimed that ‘the unremitted N4tn was arrived at without taking cognisance the subsidy and pipeline repairs and management associated with domestic crude oil transaction’.
