Akwa Ibom Leaders’ Vanguard has accused the Nigerian National Petroleum Corporation (NNPC) of executing some ‘Special Projects’ on behalf of the Federal Government, even where such projects are not budgeted for.
The group alleged that Akwa Ibom State, a major contributor to the nation’s revenue, cannot boast of such projects.
In a statement by Senators Anietie Okon, Effiong Bob, Emmanuel Ibokessien, Etang Umoyo, Helen Esuene, Prof. Emmanuel Onwioduokit and Dr. Emmanuel Umanah, among others, in Uyo, titled, ‘Unconstitutional Abuse of the Commonwealth And Its Threat To National Unity And Economic Growth’, the group urged the National Assembly and independent bodies to examine what it described as, “barefaced unbudgeted emergency that is fast eating a hole in the national economy”.
According to the statement, revenue generated by NNPC is supposed to be remitted into the national pool for onward distribution to the three tiers of government, wondering where the corporation got a whopping N43bn to execute projects on behalf of the Federal Fovernment.
The group alleged that of the spending by NNPC outside their budgetary provisions negates the Oath of Allegiance sworn to by Mr. President, as it was contrary to principle of national interest.
Again, the statement observed that to some expenditure subheads in NNPC, such as PMS, Under Recovery deductions have witnessed 62 per cent increase to N45b within a short period, noting that such deductions required explanations, including locations of such special projects for identification, and must be published in Federation Account and Allocation Committee (FAAC)