Daily Archives: June 9, 2018

Despite reforms, NNPC under Buhari ‘pockets’ N1.3 trillion oil revenue

Since President Muhammadu Buhari assumed office, Nigeria’s state oil firm, NNPC, has withheld over 25 per cent of revenues realised from domestic crude oil sales, refusing to pay same into the Federation Account, a PREMIUM TIMES investigation shows. The hefty deductions, a longstanding controversial practice, has continued despite the Buhari administration’s declared commitment to transparency […]