Umar Ajiya, the former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), testified before the Senate Public Accounts Committee (SPAC) on Wednesday, clarifying the financial details surrounding the company's registration. He stated that the actual amount spent for the registration was N2.9 billion, contradicting claims that it was N5.8 billion. Ajiya's remarks were aimed at addressing and dismissing ongoing allegations regarding the financial management of NNPCL. The testimony is part of a broader inquiry into the company's financial practices and expenditures.
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