The House of Representatives Ad-hoc Committee has launched an investigation into the N413 billion funds borrowed from the Central Bank of Nigeria (CBN) for subsidy payments. The Committee also asked the Nigerian Government to suspend all Direct Sales Direct Purchase (DSDP) contracts with the subsidy removal, while urging the Nigerian National Petroleum Corporation Limited (NNPCL) to act by the provision of the Petroleum Industrial Act (PIA) to ensure that the country is not sub-changed in production, lifting and sales of crude.
N413Billion Subsidy Payments: House Of Reps To Investigate Loan From Central Bank, Tells President Tinubu To Provide Palliatives For NigeriansThe Committee also asked the Nigerian Government to suspend all Direct Sales Direct Purchase contracts with the subsidy removal, while urging the Nigerian National Petroleum Corporation Limited to act by the provision of the Petroleum Industrial Act to ensure that the country is not sub-changed in production, lifting and sales of crude.
The House of Representatives Ad-hoc Committee has launched an investigation into the N413 billion funds borrowed from the Central Bank of Nigeria for subsidy payments.
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