Tag: NNPC

FG spends N8.9t on subsidy in 10 years – PPPRA

Ishaku Yohanna

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. The agency disclosed this in a document on subsidy payment released in Abuja on Monday. It said that the subsidy was paid to oil marketers and the Nigerian National Petroleum Corporation (NNPC) in the period under review. A breakdown of the money indicated that in 2006 a total of N257.36 billion was paid, in 2007, N271.51 billion while in 2008 N630.57 billion was paid to…

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Reps probe CBN, NNPC, NPA, PEF, others over alleged alienation, sale of government landed properties

Ishaku Yohanna

The House of Representatives will, on Wednesday, commence investigative hearing into the petition against the implementation Committee of White Paper on the Commission of Inquiry into the alienation and sale of Federal Government landed property from inception to date levelled against the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC). The investigative hearing was initiated by the House Committee on Public Accounts chaired by Hon Wole Oke. The Federal Executive Council (FEC) had in 2005 approved guidelines for the sale of Federal Government houses across the country, including…

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