Month: March 2016

NNPC ‘failed to pay’ $16bn in oil revenues

  The Nigerian National Petroleum Corporation (NNPC) has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The NNPC provided no explanation for the missing funds, the auditor general told MPs. Oil revenue accounts for two-thirds of the government’s funding. President Muhammadu Buhari has promised to crack down […]