Ahead of its appearance before the Senate Committee on Finance on Tuesday, the lawmakers have accused the Nigerian National Petroleum Corporation (NNPC) of non-payment of 1% stamp duty.
BusinessDay recalled that the committee recently embarked on investigating NNPC from 2010 till 2020 as well as the internally generated revenues of 700 Ministries, Departments and Agencies (MDAs) of government.
Chairman of the Committee, Solomon Adeola explained that the committee was also looking into the payment of 1% stamp duty by contractors on all contracts awarded by MDAs between2014-2020.
Speaking during an investigative hearing, Adeola lamented that the corporation had been violating the 1% stamp duty and requested for total revenue accrued to the corporation since 2010 till 2020 and corresponding expenditure.
The lawmaker also asked NNPC to present amount remitted prior to audit and evidence of payment from 2010 till 2020.
While asking the NNPC to present all the documents requested by the Fiscal Responsibility Commission, Adeola also requested for audited financial status of NNPC from 2010 till 2019 and management account of 2020.
