PwC uncovers $1.48b unremmitted funds to federation account
05 February 2015 |
4:57 pm
FAR from the $48.9 billion or the latter figure of $10.8 billion alleged un-remitted crude oil sales proceeds to the Nigerian Federation Account made by immediate past Centra Bank of Nigeria (CBN) Governor, and now Emir of Kano, Mallam Sanusi Lamido Sanusi for the period between January 2012 and July 2013, a forensic audit conducted…
FAR from the $48.9 billion or the latter figure of $10.8 billion alleged un-remitted crude oil sales proceeds to the Nigerian Federation Account made by immediate past Centra Bank of Nigeria (CBN) Governor, and now Emir of Kano, Mallam Sanusi Lamido Sanusi for the period between January 2012 and July 2013, a forensic audit conducted by PwC firm has found out that only the sum of $1.48 billion is yet to be fully accounted for or remitted into the Account by the Nigerian National oil company, the Nigerian National Petroleum Corporation .( NNPC)
The findings will no doubt put to rest the dust raised by the allegation and counter allegation of ‘missing’ funds by both the Federating States, the National Assembly and members of the opposition political community in Nigeria.
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