Tale of Loses: A summary of NNPCL 2022 statement of accounts, spends N7.3bn on entertainment in 16months

Even as many Nigerians are groaning under the present economic hardship the Nigeria National Petroleum Corporation Limited (NNPCL) reportedly spent a whopping sum of N7.3 billion on entertainment expenses in the 16 months in 2021/2022. This is according to the financial record published in December 2022. The persistent concern on the issue of accountability in the NNPC necessitated calls for the organisation to publish its financial statements. With 2024 already in its seventh month, the NNPC is yet to publish its 2023 financial statements. A review of the financial statements…

Read More