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Senate probes NNPC’s alleged diversion of $1bn from NLNG dividend

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    The Senate had set up an ad hoc committee chaired by the Majority Leader, Senator Ahmad Lawan, to investigate an alleged $3.5bn account kept by NNPC for petrol subsidy payment.

    Baru had, while appearing before the committee last week, said NNPC had only spent $1.05bn from the NLNG dividend account to defray the cost of “under-recovery” in the importation of fuel.

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