Politics Missing $20bn Oil Money: FG to hire forensic auditors —Okonjo-Iweala - Vanguard

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ABUJA—The Federal Government is to hire independent forensic auditors to examine the books of the Nigerian National Petroleum Corporation, NNPC, with a view to ascertaining whether or not it has failed to remit oil revenues to the Federation Account, as alleged by the Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi.

The Minister of Finance, Dr. Ngozi Okonjo-Iweala disclosed this at a press briefing in Abuja, yesterday, after appearing before the Senate Committee on Finance which is investigating the alleged unremitted fund.
At a public hearing in the Senate last week, the CBN Governor revealed that records available to the bank showed that the total amount generated from crude oil sales was $67.8 billion while records of remittance to the Federation Account by the NNPC was $47.8 billion with a shortfall of $20 billion not accounted for.

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Source: Vanguard Newspaper