Sanusi makes fresh $20 billion missing oil money claim



sanusi-lamido newWhile addressing a Senate committee on Tuesday ,Central Bank of Nigeria,CBN governor Sanusi Lamido Sanusi has raised fresh allegation of missing $20billion oil money which he says the burden of proof lies with the NNPC about the fund’s whereabouts.

“NNPC has submitted returns consistently showing it is deducting nothing before FAAC…So we are surprised that having submitted nil returns since April 2012, we are now being told that in fact deductions were being made.
“There is a $20billion which has not come back( to the federation account) Sanusi claimed on Tuesday.
“The burden of proof is on NNPC.” Sanusi said.

According to Sanusi, out of the $67 billion worth of crude oil that was shipped by NNPC, what has been reconciled between CBN and the stakeholders is $47 billion, leaving an outstanding $20billion.

After Sanusi ‘s letter to President Goodluck Jonathan alleging missing $49.8billion was leaked last year to the media, “stakeholders” quickly met and said the issue had been resolved.They however said an outstanding $10billion would still have to be accounted for by NNPC.But the NNPC too had repeatedly insisted that $10billon was not missing.

But Sanusi’s latest revelation putting the burden of proof on NNPC is bound to put the corporation under further pressure.
Senator Ahmed Makarfi , chairman of the senate committee has adjourned the sitting till next week.

No tags for this post.