Subsidy scam: Forensic audit of NNPC reveals $1.28bn missing

28 April 2015, Lagos - FOLLOWING a Presidential directive, the Federal Ministry of Petroleum Resources, yesterday, released the Forensic Investigative Audit conducted by PriceWaterCoopers into the allegations of unremitted Funds into the Federation Accounts by the NNPC. Among other things, the report revealed financial improprieties amounting to $1.28 billion in payment for petrol and kerosene […] More »