PwC audit reveals NNPC owes Federation Account $1.48bn

Hiding group accounts, oil-backed loans show NNPC veils in secrecy again

Nigerian National Petroleum Corporation (NNPC)

The Nigerian National Petroleum Corporation (NNPC) and its wholly owned subsidiary, the Nigerian Petroleum Development Company (NPDC) have failed to remit at least $1.48 billion to the Federation Account, according to the report of a forensic audit conducted by professional auditors, Pricewaterhouse

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