Nigerian Senate on Tuesday, 5th November, announced that the Nigerian National Petroleum Corporation had not accounted for the N32 removed as subsidy on each litre of Premium Motor Spirit (petrol) sold from January 2012 to September 2013.
It lamented that officials of the NNPC failed to honour its invitation to give account of how they managed the fuel subsidy fund.
Members of the Senate committee on the Subsidy Reinvestment and Empowerment Programme raised the alarm after NNPC and the Central Bank of Nigeria officials failed to honour an appointment with them on Tuesday.
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