Wednesday, June 27, 2012

Nigeria: President Jonathan accepts resignations of execs of state oil NNPC

Nigeria President Goodluck Jonathan. PHOTO/File

The president of Nigeria Goodluck Jonathan has requested and accepted the resignations of the executives of the oil-rich West African nation's state-run oil company the Nigerian National Petroleum Corporation (NNPC).

A recent probe by lawmakers uncovered that a fuel subsidy program that had kept the price of gasoline low in Nigeria for more than two decades wasted billions of dollars.

It called for US$6.7 billion to be repaid by the

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