Issue Description

There was no payment for signature bonus in 2016. However, payments made by companies as premium for license renewals were credited into the signature bonus account.

The non-classification, in some instances, of payments into this account made it difficult to ascertain the purpose of some payments.

Neiti Recommendations

Henceforth, companies should properly classify payments made into the signature bonus account.

In addition, DPR may consider opening a separate account for license renewals to ensure accountability.

Status Implementation

This issue is still recurring as license renewals are still being credited into the signature bonus account.

Issue Status

Pending Resolution


Accountable for Remedial Issue


The Nigerian National Petroleum Corporation (NNPC) is the state-owned oil corporation establishe...

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Accountable for Remedial Action


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Office of The Accountant General of The Federation

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