NNPC owes $3bn on fuel subsidy

•Can’t account for 65,000 barrels of crude The Joint Senate Committee on Petroleum (Downstream); Appropriation and Finance, investigating the management of fuel subsidy, has disclosed that over $3 billion (N471 billion) is currently owed by the Nigerian National Petroleum Corporation (NNPC) as outstanding payment on fuel subsidy.
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Added December 12, 2011
from Businessday Nigeria