Several high-ranking officials in the Nigerian Government have been invited by the House of Representatives Ad Hoc Committee on Oil Theft in its investigation into the alleged loss of over $2.4 billion in revenue from the illegal sale of 48 million barrels of crude oil export in 2015. Finance minister Zainab Ahmed; and the Secretary General of the Federation, Boss Mustapha, were among the officials invited on Tuesday to answer questions, according to Channels Television.
The Nigerian Senate has demanded a refund of N19 billion paid by the Budget Office to four ministries, departments and agencies, MDAs without the approval of the Minister of Finance. This was discovered by the Senate Committee on Public Accounts, led by Senator Matthew Urhoghide (PDP, Edo South), which began an investigation into the alleged illegal payment of N19 billion to four unnamed MDAs by the Budget Office in October last year.
BUSINESS ROUNDUP: Foreign investments drop to $5 3bn; Nigeria spends N3 63trn on debt servicing in 2022; other stories ripplesnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ripplesnigeria.com Daily Mail and Mail on Sunday newspapers.
The Senate adopted the audit report after a thorough consideration of the document which was presented on the floor by chairman of the committee, Matthew
NNPC failed to account for N102bn crude oil lifted —Senate ripplesnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ripplesnigeria.com Daily Mail and Mail on Sunday newspapers.