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The Senate Committee on Public Accounts on Wednesday was stunned as the Accountant General of the Federation, Ahmed Idris told the lawmakers that only the national oil giant, the Nigerian National Petroleum Corporation, (NNPC) could give an account of how N443 billion was paid as petroleum subsidy without appropriation by the National Assembly.
The Account General of the Federation was invited sequel to the query issued by the Auditor General of the Federation Office in its 2016 report.
The query read in part: “During the examination of Subsidy records provided by FAAC, it was observed that total subsidy paid during the year 2016 was N443,940,559,974.80.
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