Nigeria’s Senate to probe alleged $3.5 billion NNPC fuel subsidy fund

FILE PHOTO: The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

ABUJA (Reuters) – Nigeria’s upper house of parliament plans to investigate an alleged $3.5 billion fuel subsidy fund at state-oil firm NNPC, lawmakers said on Tuesday. The Senate alleges NNPC used the fund to subside the price of imported petrol without the house’s approval, the lawmakers said. Fuel subsidies are a contentious issue in Nigeria, […]

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