Probe NNPC’s remittance shortfall, Northern youths tell Buhari

A cross-section of youths from the Northern region, on Wednesday, urged President Muhammadu Buhari to probe the Nigerian National Petroleum Corporation (NNPC) over the shortfall in its remittances to the Central Bank of Nigeria.

The youths, under the aegis of the Arewa Consultative Youths Movement, said the probe is a matter of national importance in order to boost Nigeria’s revenue and enhance capacity of the country financially.

Daily Trust had exclusively reported how the presidency waded into the controversy raging between the CBN and the NNPC over the dwindling fortune of the naira.

The reported indicated that the CBN on Friday blamed the non-remittance of dollars to foreign reserves by NNPC as the reason for the plunge of the naira in the official and parallel markets.

Reacting in a statement, the youths said the shortfall was capable of plunging the country into a serious crisis if unchecked.

They said it was, therefore, important for the President to probe the matter with a view to ascertaining the causes and ensuring that things change for the better.

The statement read, “Arewa youths are indeed concerned about the widely reported shortfall in the remittances of the NNPC into the CBN coffers.

“It is our humble opinion that all those involved should be probed in order to ascertain if there was any under hand dealings that led to the situation.

“The President should not waste time in directing relevant persons or government agencies to probe the NNPC on this matter.

“There must be reasons why remittances can drop so sharply and Nigerians would like to know these reasons. We urge the President not to delay in commissioning this very important probe.”