LATEST :Reps issue ultimatum to NNPC, subsidiaries over usage of unauthorised accounts

Written by on March 15, 2021


Nigerian National Petroleum Corporation, NNPC, and its subsidiaries are to appear before the House of Representatives Public Accounts Committee, Friday, or have a warrant of arrest issued against them.


The House Committee Chairman, Oluwole Oke, who gave the directive, said the companies are to appear in the investigative hearing by the committee to answer for their financial operations, following a query by the Auditor General of the Federation over dwindling revenue to the Federal Government.


Committee Chairman Oluwole Oke, who gave the directive, said the Ministries, Departments and Agencies (MDAs) of the Federal Government were operating on the Treasury Single Account (TSA), while NNPC was using its subsidiaries to operate commercial banks without the knowledge of the Accountant General of the Federation.


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