Showing posts with label NNPCs $1.5bn. Show all posts
Showing posts with label NNPCs $1.5bn. Show all posts

Thursday, January 10, 2013

NNPC’s $1.5bn loan fraudulent –NLC




Organised labour on Thursday said the $1.5bn syndicated loan deal by the Nigerian National Petroleum Corporation was a conduit for looting the nation’s treasury. The Nigeria Labour Congress accused the NNPC of perpetrating a “fraudulent” dependence on fuel importation and looting of the treasury, saying the loan the government’s oil corporation said it needed to pay debts had further exposed the fraud in the management of fuel subsidy.

ST

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