Lawmakers to investigate alleged non-remittance of trillions by NNPC
In a bid to address concerns over the alleged non-remittance of substantial taxes into the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL), the House of Representatives has taken decisive action by mandating its committee on finance to conduct a thorough investigation.
The motion, titled ‘Need to Investigate the Non-Remittance of Due Taxes by the Nigerian National Petroleum Company Limited into the Federation Account,’ was brought before the House during Tuesday’s plenary by Uduak Odudo.
This motion gained overwhelming support, leading to the committee’s formation and task to uncover the truth behind the alleged non-remittance.
According to Odudo, the NNPCL has argued that it is owed over ₦4 trillion in subsidy payments, power debts, and other sundry charges by the Federal Government. The company has maintained that until these debts are recovered, it would refrain from remitting the taxes in question.
The motion, titled ‘Need to Investigate the Non-Remittance of Due Taxes by the Nigerian National Petroleum Company Limited into the Federation Account,’ was brought before the House during Tuesday’s plenary by Uduak Odudo.
This motion gained overwhelming support, leading to the committee’s formation and task to uncover the truth behind the alleged non-remittance.
According to Odudo, the NNPCL has argued that it is owed over ₦4 trillion in subsidy payments, power debts, and other sundry charges by the Federal Government. The company has maintained that until these debts are recovered, it would refrain from remitting the taxes in question.
