President Tinubu Transfers NNPCL's Earnings From The Sale Of Crude Oil To CBN

Under the new arrangement, NNPC will submit receipts for crude oil sales to CBN for vetting and documentation

As per the updated agreement, CBN will receive the sales receipts for crude oil from NNPC for verification and filing.

A CBN source confirmed the news, stating that the apex bank will receive the payment receipts for the oil sales right away.

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Throughout the years, NNPCL has remained in complete control of the selling of crude oil and has only ever submitted reports to the federal government.