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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Reps-NNPC: You spent your profit tax to pay subsidy





By Akinola Ajibade


From the House of Representatives came  revelation yesterday( Thursday) that the Nigeria National Petroleum Corporation NNPC made series of  deductions from petroleum profit tax in order to pay for fuel subsidy.

Also, the lawmakers said that many government agencies are involved in self assessment of their income tax, as against the expressed provisions of the nation's tax laws.

The  Chairman, committee onTaxes,Hon Mustapha Aliyu and and other members made the discovery while engaging the Chairman of the Federal Inland Revenue Service FIRS Mr Mohammed Nami on the issue.

However, the tax agency said that its responsibility was to collect revenue for the Federal Government, not keeping records of how monies are expended.

Speaking further, the Committee urged FIRS to fish out companies and agencies, which engage  in deductions of taxes meant for the government.

According to a member of the committee, Hon. Benjamin Kalu( Abia APC),  some government agencies may have been involved in racketeering and as a result, would not want the deals to come public knowledge.

The members, also asked the government abolish subsidy regime, claiming that the money, which the country is paying in order to subsidize petroleum products is outrageous.

Another member of the probe panel Hon. Sergius Ogun (Edo, PDP) said that “from the records it is obvious that the government is paying for what the citizens are not consuming in Nigeria.”

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