News
Senate Approves 2024–2026 MTEF/FSP, Orders Probe into NNPC’s Withheld Funds
EKO HOT BLOG reports that the approval followed the presentation of a report by the Chairman of the Joint Committees on Finance, and National Planning & Economic Affairs, Senator Mohammed Sani Musa (Niger East).
EDITOR’S PICKS
- Japa: Russia Opens Doors to Migrants Amid Workforce Shortage
- Crisis Erupts at Celestial Church of Christ in Lagos Over N5m Donation
- EFCC Alleges Nigerian Banks Are Channels for Money Laundering
In addition, the Senate has instructed its Committees on Finance, Petroleum, and Gas to investigate claims of withheld funds by the Nigerian National Petroleum Corporation (NNPC). These include NGN 8.48 trillion in petrol subsidies and $2 billion (NGN 3.6 trillion) in unpaid taxes.
The allegations were brought to light by reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission.
FURTHER READING
- Week 21 Pool Results For Saturday, Nov 23, 2024: Latest Updates
- Why I Didn’t Present my Certificate of Return to APC Chairman Ganduje – Aiyedatiwa
- Guardiola Pledges To Stay With Manchester City Even If Relegated
This move comes after the Office of the Auditor-General of the Federation confirmed it had received all necessary documents to verify the N2.7 trillion fuel subsidy claim made by the NNPC against the government.
Click here to watch our video of the week:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
