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Politics N500bn SURE-P fund missing – Senate -Punch

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The Senate on Tuesday said the Nigerian National Petroleum Corporation had not accounted for the N32 removed as subsidy on each litre of Premium Motor Spirit (petrol) sold from January 2012 to September 2013.

It lamented that officials of the NNPC failed to honour its invitation to give account of how they managed the accrued fund.

Members of the Senate ad hoc committee on the Subsidy Reinvestment and Empowerment Programme raised the alarm after NNPC and the Central Bank of Nigeria officials failed to honour an appointment with them on Tuesday.

SOURCE :punch

Read more at http://www.punchng.com/news/n500bn-sure-p-fund-missing-senate/

 
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