NNPC still owes fed account N588bn – NEITI

The Nigerian National Petroleum Corporation (NNPC) is still yet to remit about N588 billion to the Federation Account as at the last audit conducted by the Nigeria Extractive Industries Transparency Initiative (NEITI). Executive Secretary of the NEITI Hajiya Zainab Shamsuna Ahmed said yesterday that apart from the N450 billion figure the NNPC agreed to pay on installment basis to the Federation Account, the corporation still owes the federation N588 billion. view full text

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