The Nigerian Senate says it has uncovered N34 billion allegedly placed in fixed deposit accounts by the management of Petroleum Equalization Fund (PEF) with unremitted interest of N182 million.
Investigation by the Senate Public Accounts Committee (SPAC) revealed that the agency only remitted N82
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```