The Speaker of the House of Representatives, Mr. Aminu Tambuwal, said on Tuesday that available records indicated that the Federal Government spent over N1tn on kerosene subsidy between 2010 and 2013. Tambuwal said in spite of the expenditure not having the approval of the National Assembly, the product was not […]
Tag: Nigerian National Petroleum Corporation
Alleged missing money and Sanusi’s inconsistencies
By Chijama Ogbu I have a problem in the way Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, is going about his allegations of misappropriation against the Nigeria National Petroleum Corporation (NNPC). Allegations or insinuations of fraud is serious matter and must of necessity be so treated. And […]
Nigeria’s Finance Minister Calls for Audit of Oil Accounts
Nigerian Finance Minister Ngozi Okonjo-Iweala said an independent auditor should examine the country’s oil accounts clear up allegations that the state petroleum company hasn’t accounted for all its revenue. “The best way to get to the truth and reassure Nigerians who have been expressing strong opinions on the issue would […]
