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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.
Read the rest of the story on Businessday Nigeria

Added December 12, 2011
from Businessday Nigeria