Nigerian Senate expands NOC fund probe
Nigeria The Senate doubled the figure under investigation to USD 2.2 billion after finding more withdrawals, Reuters reported.
The Senate voted to investigate claims that the NOC withdrew USD 1.05 billion from NLNG last week, following local media reports that NNPC had spent NLNG earnings that should have gone to local and state governments on fuel purchases and subsidies.
NNPC has said the funds obtained from NLNG were a loan.
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