BREAKING: Reps Grill NNPCL Boss, Mele Kyari Over $278.185m

Reps grilled NNPCL Boss, Mele Kyari over $278.185m.

 

NewsOnline Nigeria reports that the House of Representatives has queried the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari over the non-remittance of an outstanding sum of $278,184,937.72 from the transfer of OML 24 in 2019.

According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) records, OML 24 was transferred to
NNPCL/Nigeria Export Processing Council (NEPC) in 2019 for a Signature Bonus of $309,094,374.72 of which only $30,909,437 has been paid.

 

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This, it said, left an outstanding of $278,184,937.72 due to Government from the NNPC/NEPL.

 

The Group Chief Executive Officer of the NNPCL, Mele Kyari painted a gloomy picture of the country’s oil and gas industry.