February 8, 2025
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FAAC Probes Delay In NNPC’s Non-remittance Of $1.48bn

Members of the Federation Account Allocation Committee (FAAC) rose from late night Monday meeting after brainstorming on the circumstances surrounding the delay by the Nigerian National Petroleum Corporation (NNPC) to remit to the government the sum of $1.48 billion (N294.5 billion) uncovered by forensic audit conducted by PriceWaterHouseCoopers. Daily Times recalls that