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Nairaland Forum / Nairaland / General / Ribadu Commitee Exposes How Presidency, NNPC Spend Oil Revenues As Slush Funds (485 Views)
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Ribadu Commitee Exposes How Presidency, NNPC Spend Oil Revenues As Slush Funds by Ptimes: 10:02am On Oct 31, 2012 |
The Nuhu Ribadu-led Petroleum Revenue Special Task Force has detailed how the Nigerian government and national oil company, Nigerian National Petroleum Corporation, treat huge oil revenues accruing to the federation as a reserve of money that could be used for illicit purposes without accountability. In its 178-page report, obtained by PREMIUM TIMES last night, the committee revealed how oil money in the custody of the NNPC were spent on extra-budgetary purposes such as the acquisition of a N2.23billion chopper for the president and a purported sponsorship of the World Cup. Read more: http://premiumtimesng.com/news/105349-ribadu-commitee-exposes-how-presidency-nnpc-spend-oil-revenues-as-slush-funds.html |
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