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Nigeria's NNPC owes gov't $12 bln, not $50 bln: cbank

By Camillus Eboh ABUJA (Reuters) - Nigeria's central bank said on Wednesday the state-oil company NNPC had not paid $12 billion it earned from oil sales into government accounts, not $50 billion as it had earlier stated. The central bank said in a letter dated September 25 to President Goodluck Jonathan that NNPC had failed to pay $49.8 billion of revenue it earned from selling the country's oil ...
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Added December 19, 2013
from Yahoo Nigerian News