Politics $49bn oil fund not missing – SENATE -Vanguard



The Senate, yesterday, cleared the air on the alleged missing $49 billion oil revenue as it said there was no missing fund as alleged, but un-remitted funds which should be remitted to the Federation Account.

The Senate, while adopting the Senator Ahmed Makarfi-led Finance Committee report on the alleged missing money as claimed by the former governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, who is now the Emir of Kano, also rejected the Federal Government’s plan to remove the subsidy on the petroleum products, saying government should embark on sensitisation of the public because of the effects it would have on the common man.

The Senate further mandated its committee on finance to follow up and receive the forensic audit reports from the Auditor General of the Federation and the PriceWaterhouseCoopers, PWC, and also study and report back to the Senate as soon as possible.

Click here to read more

SOURCE: #Vanguard

#SanusiLamidoSanusi #CBN #CentralBankofNigeria