Sentences with phrase «federation account since»
«To mitigate this effect, NNPC was compelled to sweep all the export receipt to JV cash call funding implying a zero remittance to Federation Account since the month of April 2015.»
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Meanwhile, the Economic Confidential which has been publishing the monthly Federation Account Allocation figures in the print edition of the magazine since January 2007, has commenced the publication of the monthly allocation in its online version
The governor challenged the President to tell Nigerians how much was returned and the looters who returned the stolen funds, adding that «Since the purported looted funds belong to the Federal Republic of Nigeria, it ought to have been paid into the Federation Account and shared by the Federal, State and Local Government.»
Since the NNPC is said to have recovered the said sum of $ 9.6 billion it should be remitted into the Federation Account.
The police federation representatives held a meeting with the minister following the allegations but their account of the meeting, given to the media, has since been called into question.
Since 2013 to date, NPDC has continued to lift crude oil from their interested oil wells OML 61, OML 62 and OML 63 worth over worth $ 3.47 billion without remittance to the federation account.