NNPC owes federation account N5trn l FAAC pushes for fresh forensic audit of corporation Abdulwahab Isa Abuja
T
he Federation Accounts Allocation
Committee (FAAC) has disclosed that the Nigerian National Petroleum Corporation (NNPC) is indebted to it to the tune of N5 tril-
lion over the last five years. The debt, according to FAAC, was incurred between January 2011 and April 2016 and represents
the outstanding gross revenue from the sales of domestic crude, which were not remitted to the federation account, but withheld
by the national oil corporation. The latest figure on NNPC's indebtedness to FAAC is contained in the special report prepared by FAAC’s post mortem
sub-committee, a copy of which was exclusively obtained by New Telegraph over the weekend. In the report, the committee noted that, while it CONTINUED ON PAGE 3
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1. Widower of Pastor (Mrs.) Eunice Olawale, Pastor Elisha, in tears when the wife of the Vice President, Mrs. Dolapo Osinbajo, visited the family in Abuja… yesterday.
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2. The deceased 3. Mrs. Osinbajo (middle), with the children of the deceased. 4. The junction where she was murdered while preaching in Kubwa, Abuja.
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