Issue Description

The total gas royalty underpayment is US$19.988million.  The companies involved are;

NPDC- US$11.585million

ND Western- US$6.595million

Frontier - US$1.807million

Neiti Recommendations

DPR should follow up and recover the outstanding sum of US$19.988million from NPDC, ND Western and Frontier.

Status Implementation

A total payment of US$26.631million relating to prior year was made. This was higher than the established liability of US$19.988million because of some overdue payments related to the period before 2016 which was not included in the assessment made in the 2016 report.

Issue Status

Resolved

Stakeholders

Accountable for Remedial Issue

NPDC

The Nigerian Petroleum Development Company (NPDC) Ltd is a fully-owned subsidiary of the Nigeria...

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ND Western

ND Western Limited ("ND Western") is an independent Nigerian oil and gas exploration and product...

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Stakeholders

Accountable for Remedial Action

DPR

The Department of Petroleum Resource (DPR) is a department under the Federal Ministry of Petrole...

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CBN

The mandate of the Central Bank of Nigeria (CBN) is derived from the 1958 Act of...

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