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You are here:Home>>Strategic Research & Analysis>>Okonjo-Iweala on ' fund shortfall', Sanusi and NNPC
Tuesday, 25 February 2014 16:20

Okonjo-Iweala on ' fund shortfall', Sanusi and NNPC

Written by Administrator
Sanusi and  Dr. Okonjo-Iweala Sanusi and Dr. Okonjo-Iweala credit:vanguard

The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala and Ministry of Finance have respectively  issued statements on the on-going  allegation of missing funds between the suspended Governor of Central Bank of Nigeria(CBN) and  Nigerian National Petroleum Corporation (NNPC) .


The statement from Nigeria's ministry of finance reads:

"The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala has 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".


While the one issued by  Dr Okonjo-Iweala reads:


"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.


"I therefore want to see the truth from an investigation under the auspices of the Auditor-General, which in my view should be undertaken as a matter of extreme urgency by independent external auditor."




Last modified on Tuesday, 25 February 2014 16:29

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