Buhari’s Administration More Corrupt Than Goodluck Jonathan!!!
The Nigeria National Petroleum Corporation (NNPC) is withholding billions of dollars in revenue from the government’s coffers despite President Muhammadu Buhari’s war on corruption, according to a report published Thursday by the Natural Resource Governance Institute, a New York-based watchdog.
Under Buhari’s administration, the Nigeria National Petroleum Corporation (NNPC) failed to remit $4.2 billion — 66 percent of proceeds — to the treasury in the second half of last year, the report revealed.
The company, aka NNPC, raked in $6.3 billion from its crude oil sales in the second half of 2015, but only $2.1 billion entered the government’s account. While some of the company’s withholdings cover known costs, NNPC has not fully explained other expenses.