A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases.
Mr Obateru said that the projection cited in the media was not a reflection of the overall financial performance of the corporation.
“The AGF is invited to note that the sum of N111,966,456,903.74 will be deducted from April 2021 Oil and Gas Proceeds due to the Federation in May 2021.”
“What we are seeing today is the cumulative effect of our lack of doing proper maintenance over a period of time.”
The government has contracted the rehabilitation to an Italian company, Technimount SPA.
“Legal action has been taken against the Nigerian National Petroleum Corporation (NNPC) over the disaster”
Mr. Anika rammed his Peugeot 406car into the concrete barriers allegedly placed on the road by the NNPC officials without road signs in 2012.
“We want to hear from them. We want to extract evidences from them.”
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The impacted section of the pipeline has been isolated and the pipeline depressurised, NNPC said.
