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Youth, students coalition hails Ajiya's re-appointment as NNPCL's CFO - Blueprint Newspapers Limited

Youth, students coalition hails Ajiya's re-appointment as NNPCL's CFO - Blueprint Newspapers Limited
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Depriving Federation Account over Fuel Subsidy Payment


Economy
This past week, managers of the economy were rattled to their core as their worst fears came to pass. Over 44 per cent of revenue will not be paid into the federation account between April and June. This is because the Nigerian National Petroleum Corporation will be using over N111 billion to settle the fuel subsidy payment. No one needed a soothsayer to tell the government that things were bound to turn out this way, sometime. But this could have been prevented. The question is: how can Nigeria exit this fuel subsidy abyss? Chris Paul reports
Considering the content of the correspondence that made the rounds across government agencies, last week, it was glaring that the nation was in trouble. ....

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Reps Write NNPC over $20.3bn Withdrawals, Demands Records from NLNG Accounts


ABUJA – The House of Representatives Committee on Public Accounts has written to the Nigerian National Petroleum Corporation (NNPC), demanding full details of the $20.3 billion said to have been illegally withdrawn from the Nigerian Liquefied Natural Gas (NLNG) account as contained in the audit query of the Auditor General of the Federation now before the Natiional Assembly.
The Committee’s request was contained in a letter with Reference No: HR/PAC/SCO5/9NASS/QUE.9/974 dated 7th December, 2020 signed by its Chairman, Hon. Oluwole Oke(PDP-OSUN) and addressed to the NNPC Group Managing Director, Malam Mele Kyari.
The lawmakers who expressed dissatisfaction with the explanations so far given by NNPC, also asked for the comprehensive financial records of the corporation with expenditure details of funds utilisation from the inception of NLNG to date. ....

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