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AUDIT REPORT INDICTS NUPRC CUSTOMS FOR NON REMITTANCE INTO FEDERATION ACCOUNT
The audit report for the 2020 financial year submitted to the National Assembly in November last year, but obtained at the weekend by our correspondent, did not show how N328.71billion collected as levies by the NCS between January 2016 and December 2020 was shared by the three tiers of government.
The report said N151.121 billion deducted by the Nigeria National Petroleum Company Limited (NNPCL) on behalf of NUPRC (formerly Department of Petroleum Resources) as royalty for 2020 was not captured in the federation account.
