NNPCL Withholds N13.76tn, Deepening Budget Funding Crisis
By Ayomide Otitoju The withheld funds, covering the period from 2012 to 2024, have significantly impacted the Federation Account, the central pool of funds allocated to federal, state, and local governments. The FAAC document revealed that the NNPCL recorded transactions worth N27.28 trillion from domestic crude sales within the review period. However, only N13.524 trillion…