The Nigerian National Petroleum Corporation, the Pipeline Products Marketing Company and the National Petroleum Investment Management Services NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC. are jointly owing the Nigerian Maritime Administration and Safety Agency ( NIMASA), almost $4 billion, it was revealed The revelation came to light during a one - day investigative public hearing by the House committee on Maritime safety, Education and Administration on the revenue leakages and operational deficiencies in the Nigerian Maritime Administration and Safety Agency ( NIMASA). This is as the Reps committee vowed to unveil owners of over 5300 defaulting companies, who he said are depriving the country of the much needed revenue. According to the Chairman of the Committee, Hon. mohammed Umaru Bago while the NNPC and PPMC are jointly owing NIMASA $3 billion, NAPIMS is owing the agency $780 million out of the alleged $10 billion owed the Agency. The d...
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