Nigeria: U.S.$20 Billion Still Unaccounted for By NNPC, Sanusi Tells Senate

4 February 2014

Abuja — THE Central Bank Governor, Sanusi Lamido Sanusi, Tuesday, told the Senate Committee on Finance that out of the $67 billion crude oil sale that was supposed to be remitted to the federation account only $47 billion has been reconciled between the Nigeria National Petroleum Corporation, NNPC and Central Bank of Nigeria, CBN, leaving a balance of $20billion unaccounted for.

But Chairman, Senate Committee on Finance, Ahmed Makarfi cautioned the CBN Governor over making wild and unsubstantiated allegations without concrete and specific figures to back his claims.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.