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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Agent wants customs to supervise Crude Oil Account

Posted on 15 November 2013

Following complaints by the Federal Government that the nation’s crude account is full of discrepancies, a veteran licensed customs agent, Mr. Olusegun Ologbese, has said the supervision of the crude oil account fund should be handed to the Nigeria Customs Service (NCS).
Ologbese, who is also the managing director and CEO of Ogbese Marine Services Limited said his call was based on the fact that the Nigerian National Petroleum Corporation (NNPC) has not been able to tell Nigerians how much it generates from crude oil over the years………………………………………..Full Article: Source


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