Index to Nigerian Newspapers

NGF, Labour leaders seek forensic probe of NNPC's figures, alleging fraud. The Nigerian National Petroleum Corporation (NNPC) Limited has presented a bill of N3 trillion for deliberations at the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari. This is the amount required to continue to subsidise petroleum products for the 18 months extension recently approved by the Presidency. The Minister of Finance Budget and National Planning, Zainab Ahmed, explained that FEC considered the request so as to make additional funding provisions that will enable government meet incremental fuel subsidy payment in the 2022 budget. However, the Nigeria Governors' Forum (NGF) and the leadership of the Nigeria Labour Congress (NLC) have blamed the NNPC for the mismanagement of the proceeds accruing from oil. The Council directed the ministry to approach the National Assembly for an amendment to the fiscal framework, including the budget.