Tinubu Approves NNPC’s Request to Probe Alleged Discrepancies in FAAC Remittances

THISDAY learnt on Thursday, that the committee which has already been established, was expected to begin sitting today, at the Ministry of Finance headquarters in Abuja.
The panel is mandated to reconcile the controversies surrounding the about N4.2 trillion debt the federal government allegedly owes the NNPC Limited and the N2.1 trillion that the NNPC Limited was said to have failed to remit to the Federation Account.

The back and forth between both organisations and the sums which have changed with time, have raised several posers in the public space, with the matter remaining unresolved for a long while. While the NNPC accuses the federation of owing the company, the federation had also said the NNPC owes it huge sums.