Petrol: Reps summon Kachikwu, GMD NNPC over “illegal” payment of N300bn subsidy - News Summed Up

Petrol: Reps summon Kachikwu, GMD NNPC over “illegal” payment of N300bn subsidy


The House described the act as an “illegality”, having been done without recourse to the National Assembly. A motion moved by a member from Kogi State, Mr. Karimi Sunday, on the floor of the House, indicated that the NNPC spent “over N300billion” on subsidy from January 2017 to December of the same year. “As of December, over N300bn had been expended on petrol subsidy for 2017 alone. “Besides, there was no parliamentary approval for subsidy payment in the 2017 Appropriation Act”, Sunday told the House. In the current 2018 budget lying before the National Assembly, there is also no allocation for subsidy.


Source: Punch January 17, 2018 16:18 UTC



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