A KPMG report describes the NNPC as a cesspool of monumental corruption
The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala has demanded to know the whole truth about the alleged missing $20b which the suspended Central Bank Governor, Mallam Sanusi Lamido Sanusi said is missing from the federation account.
A statement Tuesday from the finance ministry to the BBC, said the minister, “ asked for urgent action with regard to an independent forensic audit of conflicting claims of unaccounted funds made by the Nigerian National Petroleum Corporation (NNPC) and suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamdio Sanusi.”
According to the BBC, the direct statement from Dr Okonjo Iweala, said, “My position on this has been clear from the start. The Ministry of Finance’s reconciliation showed a shortfall of $10.8bn in NNPC remittances to the Federation account. After this, the conflicting claims continued with new figures such as $20bn being mentioned. So since 13th February I have called for an independent forensic audit. President Goodluck Jonathan indeed announced last night that there will be an investigation into whether there are any funds missing from NNPC. He also indicated that the correct process needs to be followed in this investigation and I understand that the entity that has the proper authority to initiate such an investigation is the Auditor General of the federation.
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