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The Lagos

Who can explain NNPC’s N11.2trn security bill?

Who can explain NNPC’s N11.2trn security bill?
Photo: Vanguard · view original

By Hector Igbikiowubo The Nigerian National Petroleum Company Limited has finally put a number to the black hole that has swallowed Nigeria’s oil wealth for years. In its 2025 audited financial report, the company casually disclosed that it spent a mind-boggling N11.2 trillion to “protect the cou...

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