‘I’ll probe Sanusi’s missing $20bn claim,’ President-elect says

monjola sotubo

April 27, 2015 7:49 AM

Sanusi had alleged that the Nigerian National Petroleum Corporation (NNPC) had failed to pay $20 billion into the Federation Account.

President-elect, Muhammadu Buhari has said that his administration would probe the allegation of missing oil funds made by former Central Bank Governor, Sanusi Lamido Sanusi.

Sanusi had alleged that the Nigerian National Petroleum Corporation (NNPC) had failed to pay $20 billion into the Federation Account.

An audit ordered by President Goodluck Jonathan and carried out by PriceWaterHouseCooper however found that the NNPC was only liable to refund $1.48billion.

Speaking on Sunday, April 26, 2015, however, Buhari said that he would conduct a fresh investigation into the claim.

“On the issue of corruption, I heard that some people have started returning money. I will not believe it until I see for myself,” Buhari said while receiving a delegation of All Progressives Congress (APC) members from Adamawa State at his campaign office in Abuja.

“You all remember what the Emir of Kano talked about when he was the governor of the CBN. He said $20bn not N20bn was unaccounted for; they said it was a lie. Instead of investigating it, they sacked him. And God in his infinite mercy made him the Emir of Kano. In any case, that is what he wanted. And since this was documented, our administration will take a look at it,” Buhari added.

Minister of Petroleum Resources, Diezani Alison-Madueke recently claimed that the NNPC had begun refunding the $1.48 billion recommended by the audit.

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