Connect with us

Hi, what are you looking for?

News

House Of Reps Probes Alleged Stolen N20bn NNPC Funds

House of Representatives is set to begin a probe for an alleged diversion of N20 billion by some staff of the Nigerian National Petroleum Company Limited.

Gatekeepers News reports that at plenary on Thursday, the House set up an ad-hoc committee for the purpose of the probe following the adoption of a motion by Hafiz Ibrahim Kawu (Kano).

According to Kawu, NNPC staff were reported to have diverted over N20bn in the semblance of consultancy fees paid to its consultants.

He regretted that the staff of the company were diverting funds at a time the Federal Government was trying to fight corruption and harness resources for infrastructure development.

Kawu said that it is an “unwholesome practice” that affects the fortunes of the country if not checked.

 

 

You May Also Like

News

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has revealed that the Port Harcourt refinery will commence operations...

News

The house of representatives has thrown out a bill that sought to make it compulsory for presidential and governorship candidates to secure more than...

News

House of Representatives has commenced the process of immortalising former Speaker, Ghali Na’Abba. Gatekeepers News reports that this was considered after a motion brought...

Business

Nigerian National Petroleum Company Limited (NNPCL), on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing...