Yemisi Izuora
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has denied media report that the company is indebted to international oil traders to the tune of $6.8bn and that it has not remitted revenues to the Federation Account since January, among other allegations.
Making clarification on the issue, Chief Corporate Communications Officer of the Company, Olufemi Soneye, denied
that NNPC Ltd. does not owe the sum of $6.8bn to any international trader(s).
Soneye, stated that in the oil trading business, transactions are carried out on credit, and so it is normal to owe at one point or the other.
He further added that the NNPC Ltd., through its subsidiary, NNPC Trading, has many open trade credit lines from several traders and that the company is paying its obligations of related invoices on a first-in-first-out (FIFO) basis.
He said it is not correct to say that NNPC Ltd. has not remitted any money to the Federation Account since January.
According to him, NNPC Ltd. and all its subsidiaries remit their taxes to the Federal Inland Revenue Service (FIRS) regularly.
This is in addition to payments of CIT to road contractors under the Road Investment Tax Credit Scheme.
“In all, NNPC Ltd. is the largest contributor to the tax revenue shared every month at the Federation Account Allocation Committee (FAAC).” said Soneye.
Speaking on the issue of quality/quantity fiscalization of imported petroleum products, he explained that the NNPC Ltd. has no role whatsoever as it is not a regulator.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which is the relevant regulatory agency in charge of such issues, is an independent body and does not report to the NNPC Ltd, he clarified.
In addition he said that NNPC Ltd. is not averse to inquiries by the media into issues on and around its operations before dissemination to the public either through the print or electronic channels of communication as the company will, always, gladly take the opportunities to state the facts of the subject matter(s). This he said is in line with the company’s commitment to the Transparency, Accountability, and Performance Excellence (TAPE) philosophy as emplaced by the Mele Kyari-led management since stepping into the saddle in 2019.
1 Comment
Kings oil #16,000
(*) Elephant Gold #25,000
(*) Mama Gold #25,000
(*) Royal Stallion #25,000
(*) Rising sun #25,000
(*) Royal Crown #25,000
(*) Super Eagle #25,000
(*) Cap Rice #25,000
(*) Tomato Rice #25,000
(*) Royal umbrella #25,000
BUYER SHOULD CONTACT THE CUSTOM HOTLINE O8O__6739__9O9O
delivery per bag #the 3,500
**Clothes for bales 50kg for #55,000, 100kg for #80,000 and 150kg for #150,000 O8O__6739__9O9O
*SOME AVAILABLE TOKUNBO VEHICLES*
Golf 2,3,4 ₦400,000 – ₦600,000
Toyota Camry 2.2 Tiny-Light ₦500,000
Toyota Camry Big-Daddy ₦650,000
Toyota Camry Muscle ₦750,000
Toyota Camry Spider ₦850,000
Toyota Avalon ₦900,000
Toyota Avensis ₦700,000
Toyota Corolla ₦800,000
Toyota Yaris ₦750,000
Toyota Matrix ₦700,000
Toyota Picnic ₦650,000
Toyota Sienna ₦850,000
Toyota Venza ₦1
.3 millions naira
Toyota Rav4 ₦900,000
Toyota 4Runner ₦1.1 millions naira
Toyota Haice-Bus ₦1 millions naira
Toyota Highlander ₦1 millions naira
Toyota Land Cruiser ₦2.4 millions naira
Toyota Tundra ₦1.8 millions naira
Toyota Prado ₦2.5 millions naira
Mercedes-Benz C-Class ₦950,000
Mercedes-Benz E-Class ₦900,000
Mercedes-Benz G-Class ₦950,000
Mercedes-Benz GLK ₦1.7 millions naira
Mercedes Benz ML350 ₦1.9 millions naira
Nissan Altima ₦800,000
Nissan Armada ₦850,000
Nissan Maxima ₦950,000
Nissan Murano ₦950,000
Nissan Primera ₦600,000
Nissan Pathfinder ₦1.2 millions naira
Honda Accord ₦700,000
Honda City ₦650,000
Honda Civic ₦650,000
Honda C-RV ₦750,000
Honda Crosstour ₦950,000
Honda Element ₦850,000
Honda Evilspirit ₦750,000
Honda Odyssey ₦850,000
Honda Pilot ₦950,000
Lexus Rx330 ₦1.1 millions naira
Lexus Rx350 ₦1.2 millions naira
Lexus Rx400 ₦1.6 Millions naira
Lexus Gx470 ₦3 millions naira
Acura TL ₦950,000
Acura MDX ₦1.2 Millions naira
Acura ZDX ₦1.5
millions naira
Land Rover Discovery ₦2.5 Millions
Land Rover Freelander ₦2.2 Millions naira
Land Rover Vogue ₦2.7 Millions naira
Range Rover Sport. ₦2.6 Millions naira
TIPPER AND TRUCKS also available for sales.
NOTE : you are allowed to pay for the custom duties