The Nigerian National Petroleum Company Ltd, says it remitted $2.7 billion into its accounts with the Central Bank of Nigeria (CBN) between January and June this year.
This disclosure was made in a document that was made available to reporters.
It counters CBN’s claim on Thursday that “zero-dollar remittance to the country’s foreign reserve by the NNPC,” precipitated the forex crisis in the country.
The document showed that out of the $2.7 billion, $645million was for dividends paid by the Nigerian Liquefied Natural Gas Company Ltd and $1.786bn from NNPC’s operational activities.
A breakdown of the remittances indicates that the NNPC paid $18,770,418.97 in January into its accounts; $194,563,276.49 in February; $373,232,875.20 in March and $247,884,295.52 in April.
The company also paid $591, 565,425.41 into the accounts in May and $880,906,761.81 in June.
CBN Governor Godwin Emefiele had in 2018 blamed the forex crisis on the importation of items he said should have been manufactured in Nigeria, leading to the ban of Forex allocation for 41 items.
In 2021, he shifted the blame to Bureau De Change (BDC) operators, who he accused of illegal forex trading.
This year, the CBN blamed the forex crisis on the laundering and activities of politicians and terror sponsors.
