“There is a disagreement between the figures presented. I have been on the saddle for seven years and I have been attending NEC for past four months and if I see discrepancies, I should be able to tell,” he said.
According to Yari, the agreement NNPC claims to have with state governors to remit a maximum of N112 billion per month was done when oil price was $48 barrel per day but now the price $78.
He said NNPC claimed to have paid N88 billion for subsidy and in the month of June, out of which N57 billion was for subsidy payment in 2017. “That is not acceptable and we won’t give the approval. You can’t just deep your hand into the public purse and take the money, you have to seek approval from the NEC or Mr. President.”
“And NNPC said they have N15 billion for miscellaneous, N9 billion for pipeline maintenance, N3 billion for crude loss, all those things were not approved by anyone.”
He said NNPC being a public corporation jointly owned by the federal, states and local government shouldn’t be spending money without getting approvals.