The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Alhaji Abubakar Lawal Yar'Adua has disclosed that the corporation yielded a whopping sum of N3.90 trillion as revenue for the government between 2003 and 2008, and also fetched government additional foreign revenue to the tune of $77.031billion within the period.

The NNPC chief gave the testimony at the ongoing investigation into Federal Government revenue within the period by the House Committee on Finance as the chairman of the committee, John Enoh, also disclosed that the total revenue generated by the Federal Government from other sources apart from the NNPC and the Federal Inland Revenue Service (FIRS) stood at N3.6 trillion of which N1.5 trillion was yet to be remitted to the government treasury.

Yar'Adua also said that of the offshore component of the revenue within the period under review, a sum of $20.11 million was paid as cash call to the joint venture partner. He decried the steady rise in the cash call payment, but explained that the rising cost of oil in the international market, increase in the activities of militants in the Niger Delta as well as the rising cost of facilities for operation had contributed immensely to the high cal payment.