Nigeria’s upper house of parliament plans to investigate a $3.5 billion fuel subsidy fund at state-oil firm NNPC, lawmakers said on Tuesday. The upper house claims NNPC used the fund to subside the price of imported petrol without the house’s approval, the lawmakers said.
A spokesman for NNPC said the oil company would await a decision from lawmakers and then decide how to respond. “We have to call for the resolution (by the Senate), analyse it and respond accordingly,” he said. Reuters
Pix: NNPC headquarters Abuja
