Tag: Subsidy Recovery Fund

Breaking: Senate begins investigation into $3.5bn unappropriated subsidy fund

Oct 16, 2018

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by

Ediri Oyibo

in Economy, Nigeria, Top Story

The Nigerian Senate on Tuesday set in motion investigation into the $3.5 billion unappropriated subsidy recovery fund allegedly being mismanaged by the Nigeria National Petroleum Corporation (NNPC). TheNewsGuru (TNG) reports Senator Biodun Olujimi, citing order 42, brought the issue to bear on the floor of the red chamber, stressing that the amount was too large…