Apparently worried about the increasing expenditure of Nigerian National Petroleum Company (NNPC) Limited, group of lecturers under aegis of Academics for Accountable Governance Group, (AAGG), has declared as unacceptable the situation where whopping amount of N788bn was allegedly spent on salaries; Forex, entertainment, and other expenses. It also challenged the NNPC to explain to Nigerians how it made a net profit of N674bn and spent N788.7 billion on salary, entertainment and other costs. According to the group, there is no place in the world where a major oil and gas…
Read MoreAcademics take stand on NNPC, says company now liability to Nigeria
