You must account for alleged missing $246m, Senate tells NAPTIMS
By Henry Umoru ABUJA – THE Senate Thursday asked the National Petroleum Investment Management Services, NAPTIMS to account for $ 246m dollars which forms the balance from the 2016 budget set aside by the Nigerian National Petroleum Corporation of Nigeria, NNPC for gas infrastructure. According to the Senate, the NNPC had released a total of four hundred and forty six Million Dollars to NAPTIMS for the development of gas infrastructure in 2016, just as only $132 million dollars was extended. This was uncovered the outstanding amount when the Group Managing Director of NAPTIMS, Dafe Sejebor appeared before the Senate joint committees on Gas Petroleum, Upstream, Downstream and Gas during the 2017 budget Defence of the NNPC’ s Upstream sector in Abuja. The Joint committees asked NAPTIMS to provide details of the outstanding amount in the next sitting for proper clarification to approve the 2017 budget proposal of the NNPC’s Subsidiary. NAPTIMS is the Upstream and Corporate Services U...