Thread by @nigeriaeiti

THREAD: For record purposes, we hereby clarify that the $22.06B & N481.75B that are yet to be remitted by the @NNPCgroup, NPDC & others to the Federation Account, reported in the media yesterday, are legacy issues arising from its audit reports for the period 1999 - 2015.

The bulk of the outstanding amounts is from NLNG dividends from the period 2000 to 2015 & outstanding payments for the value of 12 Oil Mining Licenses (OMLs) divested to NPDC between 2011 and 2013.

#UnremittedFunds.

@DigiCommsNG @thecableng @AhmedRufaiI @adeyanjudeji.

....To say the non-remittance happened under this administration or that the money went missing from. The Federation Account is therefore totally incorrect & deliberately misleading.

@EITIorg @guvyves @Abuja_Facts @Omojuwa @fmmsdngr @OmoGbajaBiamila @Ayourb @adeyanjudeji.

This clarification has become necessary based on the distortion and politicisation of the media reports of a conference hosted by NEITI in Abuja yesterday. The focus of the conference was on how to ensure better implementation of NEITI's audit recommendations, address the....

...lingering issues in the extra time sector, & improve optimisation of Nigeria's extractive endowments for the benefits of all Nigerians. The conference was not a fault-finding or political event. It was a solution-oriented gathering with good representation & useful....

...contribitions from government agencies (including NNPC, DPR, CBN, PPPRA etc), the private sector, civil society, academia, & the media. The information shared for discussion is not only historical, but also not new. There was nothing in the data shared & discussed...

....yesterday that had not been made public over time, most notably on the NEITI Policy Brief on #unremittedfunds released in April 2017 & on the NEITI 2015 industry audit reports released in December 2017.

Those who follow discussions on these issues closely would also be....

.....aware that various efforts have been made by different government institutions, including the Federation Allocation Accounts Committee (FAAC) & the National Economic Council (NEC) to ensure that @NNPCgroup & it's subsidiaries address these legacy issues.

It is noteworthy that at the conference yesterday, the NNPC team confirmed that many of the issues under reference have either been resolved or at advanced stages of resolution. While NEITI awaits the outcome of its ongoing audits for 2016 & 2017 to provide updates on these &....

....other issues, it is wrong to deliberately distort data from NEITI's audits & the issues arising from them for sensational or political purposes. We hereby wish to renew our appeal to the media & the civil society as key partner's in the EITI process to always cross-check...

...to ensure that facts align with the issues before publication.

End.