Business & Finance

N2.23trillion Fraud Uncovered in NNPC

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PREMIUM TIMES has a report which claims that the Nigerian National Petroleum Corporation, NNPC and its sub-units in 2013 either lost or refused to remit a total of N2.23 trillion, consisting $9.75 billion and N378.67 billion, to the federation account as earnings from various aspects its operations.

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The report on the missing N2.23trillion is reportedly contained in the Nigeria oil and gas as well as the solid minerals sectors Nigerian Extractive Industries Transparency Initiative NEITI audit report for 2013 which has just been published.

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