FG denies Babalola on NNPC, says firm is solvent

•CNPP seeks probe of NNPC accounts Less than 24 hours after Remi Babalola, minister of state for finance, declared that the troubled Nigerian National Petroleum Corporation (NNPC) was insolvent, Olusegun Aganga, minister of finance, and Dora Akunyili, his information and communications counterpart, have refuted the statement. In a move that further underscores government's inability to fathom the true financial status of the state oil behemoth, Akunyili said: "NNPC, from the auditor's account ...
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Added July 14, 2010
from Businessday Nigeria