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Nigerian Senate Demands Refund of N210 Trillion from NNPC Over Unaccounted Funds

Ripples Nigeria··1 min read

The Nigerian Senate's Public Accounts Committee, led by Aliyu Wadada, demands a refund of N210 trillion from NNPC Ltd due to unexplained transactions totaling N103 trillion in expenses and N107 trillion in receipts. The committee rejected NNPC's explanations, including discrepancies in financial figures and cash call payments to joint venture partners.

NNPC's absence and unsatisfactory responses led to the rejection of their claims, with concerns raised over the handling of significant sums. President Muhammadu Buhari's administration's actions regarding NNPC's financial management are also scrutinized.

Plus234Feed summary based on reporting from Ripples Nigeria.

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