Nigeria loses over N500bn to unremitted funds from 1999-2015

Nigeria loses over N500bn to unremitted funds from 1999-2015
OpeOluwani Akintayo 01 November 2018, Sweetcrude, Lagos — Statistics from the Nigeria Extractive Industries Transparency Initiative, NEITI, have shown that Nigeria lost over N500 billion to unremitted oil funds from 1999 to 2015. A breakdown shows that $22.06 billion and N481.75 billion are yet to be remitted by the Nigerian National Petroleum Corporation, NNPC, and Nigerian … More »

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