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About N8.4 trillion meant for the Federation Account is being withheld by the Nigerian National Petroleum Company Limited (NNPCL), the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has alleged. It said the NNPCL refused to remit the sum on the grounds that it was meant for subsidy payments. Chairman of the RMAFC, Mohammed   Shehu, who made this known in a statement yesterday, explained that the sum was computed by the Office of the Accountant General of the Federation (OAGF). Lauding President Bola Ahmed Tinubu for removing subsidy, Shehu stated that the commission had yet to reconcile the N8.4 trillion with the OAGF and   NNPCL. Speaking after removal of petrol subsidy, NNPCL Group Chief Executive Officer (GCEO) Mele Kyari said the Federal Government is owing the NNPCL N2.8tr being outstanding on subsidy since February. Spokesman of NNPCL Garbadeen Muhammed did not pick his call when contacted last night on the claim by RMAFC. RMAFC chairman Shehu said: “Since January 1, 2022, to date, the Nigeria National Petroleum Company Limited (NNPCL) has not been contributing to the Federation Account due to the claimed subsidy payments.

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