N514B Fraud In NNPC, Auditor-General’s office0

• BUSINESS, SLIDE
• January 7, 2025

Unauthorized deductions of N82.95 billion from federation revenue for refinery rehabilitation, storing N83.66 billion from the federation’s miscellaneous income in a sinking fund account, irregular deductions of N343.64 billion from domestic crude sales at the source, and the unsupported payment of N3.75 billion shortfalls from the sale of gasoline are among the alleged violations. The