‘Missing’ $20bn: Okonjo-Iweala wants speedy action on forensic audit

Date:

okonjo-iwealaBy Etuka Sunday

The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala has demanded for a speedy action on the recommended independent forensic audit to settle the issue ofunremitted funds to the Federation Account.

This was not unconnected with the face-off between the Management of Nigerian National Petroleum Corporation (NNPC) and suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamdio Sanusi over unremitted claims.

Recalls, the Minister during her last appearance before the Senate Committee on Finance had opted for an independent forensic audit to really determine the figure if truly there has been unremitted oil money into the Federation Account.

READ MORE  How new administration can revamp Nigeria’s economy – Agora Policy

However, the Minister in a statement on Tuesday said, “My position on this has been clear from the start. The Ministry of Finance’s reconciliation showed a shortfall of $10.8b in NNPC remittances to the Federation account.

“After this, the conflicting claims continued with new figures such as $20b 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.

READ MORE  FAAN receives 17 recovered vehicles from ICPC

“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 auditors”.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

FG redeems $100,000 cash rewards to D’Tigress players, $50,000 to officials — Tinubu

*President says it’s first time full presidential sporting rewards...

Customs Service seizes Tramadol, spaghetti, rice, 2 cars worth N604.3m in Kwara

Customs Service seizes Tramadol, spaghetti, rice, 2 cars worth...

Court Order StatusQuo: Niger Delta Chambers of Commerce Barred from Holding NDEIS September Event

The Federal High Court sitting in Abuja has issued...

Ex-Nigerian Envoy Faults Peter Obi Over Benue Visit, Demands Apology to Alia

By Uche Nnorom, Makurdi A former Nigerian Ambassador to Namibia,...