TOTAL fails to Explain N2bn Subsidy

Following the failure of the company’s Mr. Francois Bossugo to give details of how they received payments of the said amount, the committee directed the management of the company to reappear before it with details to explain the payment. He said his company received N16bn as subsidy payment from PPPRA in 2011 and debunked claims that it was overpaid to the tune of N304millon in 2008 as alleged in the KPMG audit report cited by the Ad-hoc committee.(View full text)

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