May 18, 2022

Nigeria’s NNPC ‘failed to pay’ $16bn in oil revenues

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From BBC Nigeria is Africa’s largest oil producer Nigeria’s state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The Nigerian National Petroleum Corporation (NNPC) provided no explanation for the missing funds, the auditor general told MPs. Oil revenue accounts for two-thirds of the government’s […]