Vunderkind
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For the first time since the Senate Committee on Finance stopped the Ministry of Finance from conducting a forensic audit on the $8.76 billion spent on fuel subsidy by the Nigerian National Petroleum Corporation (NNPC), its Chairman, Senator Ahmed Makarfi, yesterday opened up on why the decision was taken.
Makarfi, while answering questions from journalists after the committee had concluded the first phase of its investigation into the alleged unremitted $20 billion into the Federation Account by NNPC, following the alarm raised by the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, said the ministry lacked the constitutional powers to carry out such exercise.
Sanusi, who had first alleged in a letter to President Goodluck Jonathan in September 2013 that NNPC failed to remit $49.8 billion into the Federation Account, later alleged that between January 2012 and July 2013, NNPC had failed to remit $12 billion, then $10.8 billion, before reviewing the amount to $20 billion.
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Source: ThisDay Live
Makarfi, while answering questions from journalists after the committee had concluded the first phase of its investigation into the alleged unremitted $20 billion into the Federation Account by NNPC, following the alarm raised by the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, said the ministry lacked the constitutional powers to carry out such exercise.
Sanusi, who had first alleged in a letter to President Goodluck Jonathan in September 2013 that NNPC failed to remit $49.8 billion into the Federation Account, later alleged that between January 2012 and July 2013, NNPC had failed to remit $12 billion, then $10.8 billion, before reviewing the amount to $20 billion.
Click here to read more
Source: ThisDay Live
