Home News Premium Times: Nigeria lost over N6.4 trillion to corruption-ridden NNPC oil sales – NRGI Report

Premium Times: Nigeria lost over N6.4 trillion to corruption-ridden NNPC oil sales – NRGI Report

Nigeria would have been buoyant enough to finance its 2015 budget of N4.36 trillion and still pay off its external debts of N2.03 trillion if it had not lost more than that amount — $32 billion (N6.4 trillion at N200/$1) — to massive corruption that characterized oil sales by the Nigerian National Petroleum Corporation during the last administration, a new report has said.

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