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Wednesday, 26 February 2014

NNPC Denies Conniving With Swiss Firms to Defraud Nigeria - See more at: http://silverbirdtv.com/news/nnpc-denies-conniving-swiss-firms-defraud-nigeria#sthash.8Uz1bmJA.dpuf

 
 The Nigerian National petroleum Corporation NNPC has debunked claims that the corporation connived with Swiss oil companies to defraud Nigeria of billions of dollars.

The Group Managing Director of the corporation Andrew Yakubu made the denial at the investigative hearing on the allegations.


A Switzerland-based non-governmental advocacy group had alleged that Nigeria loses billions of dollars every year from large volumes of crude oil exported from Nigeria below the international market price.

The NNPC boss said that sales of Nigeria’s oil are based on a reference to the benchmark crude Brent which prices are published by Platts for the international community.
- See more at: http://silverbirdtv.com/news/nnpc-denies-conniving-swiss-firms-defraud-nigeria#sthash.8Uz1bmJA.dpuf

etroleum Corporation NNPC has debunked claims that the corporation connived with Swiss oil companies to defraud Nigeria of billions of dollars.
The Group Managing Director of the corporation Andrew Yakubu made the denial at the investigative hearing on the allegations.
A Switzerland-based non-governmental advocacy group had alleged that Nigeria loses billions of dollars every year from large volumes of crude oil exported from Nigeria below the international market price.
The NNPC boss said that sales of Nigeria’s oil are based on a reference to the benchmark crude Brent which prices are published by Platts for the international community.
- See more at: http://silverbirdtv.com/news/nnpc-denies-conniving-swiss-firms-defraud-nigeria#sthash.8Uz1bmJA.dpuf


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