Documents show ‘broke’ NNPC stacked trillion naira debt, unable to meet commitments (PremiumTimes)

The Nigerian National Petroleum Corporation (NNPC) was unable to meet its debt obligations as due in January, as a result of inadequate finances, documents seen by PREMIUM TIMES have shown. The national oil company was also encumbered by huge outstanding…

Anambra’s prompt salary payment despite FAAC controversy – Maxim Uzoatu

Governor Willie Obiano of Anambra State has kept the promise of prompt payment of workers’ salaries on the 25th of every month when most states in the country have not paid their workers in the last two months due to…

NNPC has questions to answer over remittances to FAAC, says NEC (ThisDay)

The National Economic Council (NEC) Thursday in Abuja threw its weight behind the Federation Account Allocation Committee’s (FAAC) decision to reject the remittance by the Nigeria National Petroleum Corporation (NNPC) into the Federation Account in May. The Wednesday meeting of the committee had ended…

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