By Our Reporter
President Bola Tinubu has introduced a new financial regime in the Nigeria National Petroleum Corporation Limited,NNPCL,the nations apex oil conglomerate.
In this regard, a new directive has been issued mandating the NNPCL to tender and lodge all receipts of Crude oil sales with the Central Bank of Nigeria,CBN,very dependable sources has confirmed to Newdawnngr.com.
The implication of this is that the CBN will now be in the knowledge of and keep tract of all Crude sales by the NNPCl as different from what operates in the past where the Corporation only account to itself alone.
Yemi Cardoso,CBN Gov
Not only this,it kept many accounts known only to its top echelon such that the nation Finance ministry could not say how much the country is making from oil revenue which still account for ninety percent of its export earnings.
This new measure our sources revealed, are all part of the Tinubus government resolve to ensure accountability in the nations oil conglomerate.
It also means that all accounts of the NNPC are no more secrets to the CBN and could be called to account for the Crude oil scales.
This may also be interpreted that henceforth all monetary transactions by the NNPCL will be tracked and controlled by the CBN as the nation apex bank.
Kyari,New accountability rules
However,how the CBN will ensure that receipts are not kept back is another issue which the Presidency mighty have worked out with the Finance Ministry and nations Transparency Initiatives.
