The Nigerian National Petroleum Company at a crossroads: an analysis of the challenges of funding, commercialization and autonomy
Article from: OGEL 3 (2003), in Roundup of Articles
Summary
In April 2002, the Supreme Court of Nigeria decided in the case of Attorney General of the Federation v Attorney General of Abia State (No 2) that 'it is unconstitutional for the Federal Government to fund joint venture contracts and the Nigerian National Petroleum Company (NNPC) priority projects by means of a 'first line charge' on the Federation Account'. In other words that such NNPC funding can no longer be drawn in priority to the revenue allocations made in favour of the three tiers of government in the federation, namely the Federal Government, State Governments and ...