Monday, july 11, 2016 binder1

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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

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Monday, July 11, 2016

Kalu to Buhari: Revisit policy on BDC operations }4

/newtelegraph /newtelegraph

Vol. 3 No. 873

Kalu

JAMB unveils criteria for 2016 admission }37

Ojerinde

NLC dares Ajimobi, says teachers won't resume }37

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

Ajimobi

Sex scandal: Reps summon US ambassador, NHRC }2

N150

Entwistle

Senators, Reps lament cash crunch in N’Assembly Legislators, aides yet to receive June salaries Oversight functions, committee works stalled }2 Six arrested for Abuja female preacher’s murder 1

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.

2

}8

3

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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.

Vigilantes nab six Boko Haram members in Lagos lUS alert: How we averted militants' attack, by police Viral hepatitis kills more than AIDS, TB - WHO

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Monday, july 11, 2016 binder1 by Newtelegraphonline - Issuu