NNPC denies alleged existence of $3.5bn fuel subsidy fund

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The Nigerian National Petroleum Corporation (NNPC) on Wednesday denied Senate’s allegation that it had a $3.5 billion fund to surreptitiously subsidise imports of petroleum products. The Senate had on Tuesday hinted that it would investigate the fund it said the NNPC was utilising, without subjecting it to parliamentary scrutiny through the national budget. NNPC responded []The post NNPC denies alleged existence of $3.5bn fuel subsidy fund appeared first on Daily Trust.


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