Thursday, April 26, 2018 /04:09 PM / News
senate has, today, asked the Nigerian National Petroleum Cooperation
(NNPC) to stop further payment of oil subsidies without appropriations and
asked the NNPC to make a formal request to the National Assembly for 2018
budget through the President.
also asked the cooperation to immediately refund the total sum of N216 billion
said to have been used for subsidy payment to the consolidated revenue fund.
senate issued the orders on Wednesday after adopting the recommendations of its
committee that investigated the subsidy payment done without the lawmakers’
approval. The lawmakers described the payment as illegal and lacking in
also ordered the cooperation to pay oil marketers the outstanding arrears of
subsidy payment owed them prior to 2017. The senate further recommended that
local refineries should be given maximum attention to enable them function in
full capacity and the Director General should carry out an audit on the NNPC.
also directed the
committee to recommend appropriate sanctions for officers and personnel who
have carried out this illegal payment.
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