Home / Actualités sur l'investissement / Nigeria’s state oil firm illegally paid $707 mln in fuel subsidies in 2017, Senate probe finds
ABUJA (Reuters) - Nigeria's state oil company illegally paid 216 billion naira ($707.4 million) in fuel subsidies in 2017, according to a Senate probe, the findings of which were released on Thursday.

Nigeria’s state oil firm illegally paid $707 mln in fuel subsidies in 2017, Senate probe finds

ABUJA (Reuters) – Nigeria’s state oil company illegally paid 216 billion naira ($707.4 million) in fuel subsidies in 2017, according to a Senate probe, the findings of which were released on Thursday.

Nigerian National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria July 28, 2017. REUTERS/Afolabi Sotunde

The investigation by the upper legislative house said that parliament had not approved those payments by the Nigerian National Petroleum Corporation last year, and any further spending on subsidies should be halted with immediate effect.

Reporting by Camillus Eboh; Writing by Paul Carsten; Editing by Alexandra Hudson

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