Controversy yesterday greeted the $16 million debts, which two oil companies- Zenon and Fineshade allegedly owe the Nigerian National Petroleum Corporation (NNPC). The two firms are owned by one of Nigeria’s richest men, Femi Otedola.
SaharaReporters reported yesterday that the $16 million debt was owed through the Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC between 2004 and 2008.
Read more @ New Telegraph
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