According to the report, the NNPC also
received a total of $12.9bn from the Nigeria Liquefied and Natural Gas
Company between 2005 and 2013 but did not remit anything to the Federal
Government.
The report also stated that the country
recorded a loss of revenue of N20.4bn and $5.966bn in 2013, adding that
oil and gas companies underpaid the federation by $599.8m in the same
period.
The Chairman of NEITI, Dr. Kayode
Fayemi, who disclosed this on Monday while presenting the 2013 audit
reports of the agency in Abuja, stated that 41 oil and gas companies and
16 government agencies participated in the audit.
Citing the audit report, Fayemi said
some revenues that should have gone to the federation in 2013 were not
made or lost due to a number of reasons.
He said, “These revenues were broken
down as follows: sums of $3.8bn and N358.3bn as outstanding revenues
from the NNPC and its sub-units in 2013. These outstanding payments were
due from unpaid consideration from the divested OMLs, cash call refunds
from NAPIMS, and NPDC liftings from NAOC JV, etc.
“The sums of $5.966bn and N20.4bn as
revenue losses to the federation. These losses were due to offshore
processing agreements, crude swap, crude theft, etc. The sum of $599.8m
as under-assessment/under-payment of petroleum profit taxes and
royalties by oil and gas companies as a result of the use of different
pricing methodology by the government and the companies because of the
absence of a new fiscal regime.”
Fayemi, who doubles as the Minister of
Solid Minerals, stated that the total crude oil production in 2013 was
800,488,000 barrels, adding that this was made up of production from all
sources and various agreements.
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