Missing oil funds NNPC, others to refund $1.48bn

The NNPC and the NPDC have been indicted by the
report, which was ordered by Finance Minister, Ngozi
Okonjo-Iweala after allegations of misappropriation
were made by the former Central bank Governor, Sanusi
Lamido Sanusi.

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A forensic audit ordered by the Federal Government has
revealed that a minimum sum of $1.48bn is due to the
federation account from the Nigerian National
Petroleum Corporation (NNPC) and the Nigerian
Petroleum Development Company (NPDC).
The NNPC and the NPDC have been indicted by the
report, which was ordered by Finance Minister, Ngozi
Okonjo-Iweala after allegations of misappropriation
were made by the former Central bank Governor, Sanusi
Lamido Sanusi.
The major contents of the report were revealed on
Thursday, February 5, by the Auditor General for the
Federation, Samuel Ukura , in Abuja.
The report was carried out by accounting firm,
PriceWaterHouseCooper which asked both companies to
refund to “a minimum of $1.48bn” to the federation
account.
Sanusi had first alleged that the sum of $10.8 billion
was missing before changing the figure to $12 billion
and then $20 billion.
The firm presented the report » to President Goodluck
Jonathan on Tuesday, February 3, in Abuja.

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