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Nigeria Senate orders probe into NNPC oil sales

Nigeria's Senate launched an investigation on Wednesday into a letter written by the central bank (CBN) which said that the state-oil firm NNPC failed to pay $50 billion of revenue from oil sales into government accounts. NNPC earned $65.3 billion from crude oil sales between January 2012 and July 2013 but only remitted 24 percent of this to the government's account and $49.8 billion was still ...
Read the rest of the story on Yahoo Nigerian News

Added December 11, 2013
from Yahoo Nigerian News