• ₦802 Billion Audit: Reps Summon NNPCL, INEC, Other Govt Officials

    ₦802 Billion Audit: Reps Summon NNPCL, INEC, Other Govt Officials0

    By Newsworld The House of Representatives Public Accounts Committee is set to question officials of the Nigerian National Petroleum Company Limited (NNPCL) and the Independent National Electoral Commission (INEC) over audit queries involving more than ₦802.19 billion. The queries are contained in reports of the Auditor-General for the Federation covering the 2021, 2022 and 2023

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  • If Obi Becomes President, Fuel Import Corruption Will Lead To Jail – Amaechi

    If Obi Becomes President, Fuel Import Corruption Will Lead To Jail – Amaechi1

    By Newsworld African Democratic Congress (ADC) vice-presidential candidate, Rotimi Amaechi, has said corruption in Nigeria’s fuel importation sector could be stopped within a short period if the country’s president demonstrates the political will to tackle it. Amaechi made the remark during an interview with AIT, while discussing the ADC’s proposed approach to fuel subsidy, the

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  • Nigeria’s Inflation Rate Falls To 15.39% In August 2026, NBS Reports

    Nigeria’s Inflation Rate Falls To 15.39% In August 2026, NBS Reports0

    Nigeria’s headline inflation rate recorded a marginal decline in August 2026, falling to 15.39 per cent from 15.43 per cent recorded in July, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The latest figure represents a 0.04 percentage point decrease in the headline inflation rate between

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  • N514B Fraud In NNPC, Auditor-General’s office

    N514B Fraud In NNPC, Auditor-General’s office0

    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

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