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Federation Account

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Tinubu Approves Write Off of $1.42bn, N5.57tn NNPC Debt to Federation

President Tinubu approves the cancellation of over $1.4bn and N5.5tn in NNPC debts after reconciliation of long standing obligations.
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SERAP Demands Probe Into Missing N500bn Oil Funds

SERAP has asked the Nigerian National Petroleum Company Limited to account for a missing N500 billion and involve anti-corruption agencies in investigating the matter, citing a World Bank report.

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