Follow Us
Advert
Donate

Kindly donate to our forum.

10%

10% of donation goal reached.

Follow Us on Facebook

Share
View previous topicGo downView next topic
avatar
Administrator
Administrator
Gender Gender : Male
State : Ebonyi
Posts : 851 Posts Liked : 289
View user profile

Nigeria Has No Record Of Its Oil, Non-oil Export Activities Since June 2015

on Tue 21 Feb 2017, 1:44 pm
ABUJA-THE Senate was Monday told that Nigeria has since June 2015, been exporting its oil and non-oil products without documentation.

This was just as it heard that the development has made the country lost over N23.6 billion expected to be repatriated proceeds of the export within the period. Also, on its own, the Senate alleged discovery of over $850 billion supposedly earned by the country between 1996 and 2014 from its crude oil export proceeds which it alleged was yet to be repatriated to the country by the Joint Venture Oil Companies, a development it noted, was in total contravention of Nigeria’s Pre-shipment Inspection of Export Act and Article 26 of Export Policy Guidelines and procedures for crude oil, Gas and non-oil goods.

The various revelations were made, Monday, during an investigative public hearing organized by a Joint Committee of the Senate Committees on Finance, Trade and Investment, Gas, Petroleum Upstream, Banking, Insurance and Other Financial Institutions, Judiciary, Human Rights and Legal Matters, and Customs, Excise and Tariff on the “Need to Investigate Pre Shipment Inspection of Export Activities in Nigeria.

http://www.vanguardngr.com/2017/02/nigeria-no-record-oil-non-oil-export-activities-since-june-2015/


Hello Guest! We The Team of this Forum are Happy You Read This Post. We Appreciate it alot and Wish You Would Come Back As We Would Be Putting Up New and Quality Posts daily Just For You :happy people:
View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum