State oil firm Nigerian National Petroleum Corp failed to remit Naira 3.2 trillion ($16.2 billion) in proceeds from the sale of crude oil into the government account in 2014, local media reported Auditor-General Samuel Ukura as saying Tuesday. A further $235.68 million from the proceeds of gas feedstock sales to Nigeria LNG Ltd., owners of the six train Bonny LNG plant, was not paid to the Federation Account and instead transferred to undisclosed Escrow accounts, Punch newspaper reported Ukura as saying in an audit. A spokesman for the NNPC said the corporation was studying the report. “It is an audit report and we are still studying before making our position known,” he said. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and […]