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Nigerian Senate Gives NNPCL an Ultimatum to Account for N201tn in Missing Funds
- The Nigeria Extractive Industries Transparency Initiative reported that the Tertiary Education Trust Fund received N1.024 trillion from education tax contributions between 2019 and 2023, according to Executive Secretary Ogbonnaya Orji's statement during a MoU signing.
- In 2022, TETFund received N322.99 billion, and in 2023, it increased to N571.01 billion, the highest annual inflow on record.
- Peter Obi condemned the Nigerian National Petroleum Company over allegations of N210 trillion in financial irregularities, claiming Nigeria is a 'crime scene' under siege by corruption.
- The Senate audit found that the NNPC failed to account for N107 trillion in receivables and reported N103 trillion in vague accrued expenses, sparking calls for urgent reform according to Obi's statements.
17 Articles
17 Articles
‘Nigeria is a crime scene’ - Peter Obi slams NNPC ₦210trn scandal
Labour Party presidential candidate in the 2023 elections, Peter Obi, has condemned the Nigerian National Petroleum Company (NNPC) over allegations of staggering financial irregularities amounting to ₦210 trillion, describing the country as a “crime scene” under siege by corruption. Reacting to recent Senate audit findings covering NNPC’s financial operations between 2017 and 2023, Obi, in a strongly worded statement issued on Friday, June 20, s…
TETFund got N1.024 trillion from extractive sector in five years
The agreement is aimed at strengthening data sharing, ensuring timely remittances, and improving accountability in the use of public revenue for tertiary education. The post TETFund got N1.024 trillion from extractive sector in five years – NEITI appeared first on Premium Times Nigeria.
Daily Post Nigeria
Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.Nigerian Senate gives NNPCL an ultimatum to account for N201tn in missing funds
The Nigerian Senate has issued Nigerian National Petroleum Company Limited a seven-day ultimatum to account for N210 trillion in missing funds in its coffers as contained in audited financial statements spanning 2017 to 2023. This was made known on Wednesday during a session of the Senate Committee on Public Accounts, where NNPCL’s Chief Financial Officer, Dapo Segun, and other executives of the state-owned oil firm were present. According to th…
Soneye Resigns As NNPCL Spokesperson, Gives Reasons
The Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited, Olufemi Soneye, has walked away from his position.…The post Soneye Resigns As NNPCL Spokesperson, Gives Reasons appeared first on The Liberation News Nigeria.
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