EXPOSED: Nigeria’s Oil Company NNPC Spent N7.3Billion On Entertainment In 16 Months Amid Economic Hardship

NNPC group share of profit for West Africa LPG stood at N807 million while as of June 2022, the accumulated loss stood at N1 billion.

A review of financial statements of the Nigerian National Petroleum Company Limited has shown that its subsidiaries posted short term debts to the tune of N83 billion in 2022.

According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that of Hyson Nigeria limited was N15 million.

READ ALSO: Paper Robber: Assistant Director At National Institute for Legislative and Democratic Studies, Tijo Zara Boryo Pockets Nearly N100 Million In Contract Racketeering

Source: thecapital.ng

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