Missing $20 billion’: Nigerian Senate clears Alison-Madueke, says no money missing

http://www.premiumtimesng.com/news/161646-missing-20-billion-nigerian-senate-clears-alison-madueke-says-money-missing.html

The Senate committee says suspended CBN Governor Sanusi lied
The Nigerian Senate has rejected claims by the suspended governor of the Central Bank, Lamido Sanusi, that at least $20 billion (N3.2 trillion) in oil receipts were not paid into the government treasury by state oil company, the Nigeria National Petroleum Corporation, NNPC.
The Senate’s finance committee, which probed the allegation, said Wednesday it found no evidence indicating that the huge sum was diverted or stolen, and described Mr. Sanusi’s claim as “incorrect” and “misleading”.
“There was never any unremitted $49.8 billion,” the committee headed by Ahmed Makarfi, said. The report will be discussed on a later date by the entire Senate.
In a leaked memo to President Goodluck Jonathan September 2013, Mr. Sanusi said the Central Bank had found out that as much as $49.8 billion oil receipts had been cornered by state officials.
He later admitted the figure was less, but said it would not be less than $20 billion. The federal government denied funds were missing.
But the government admitted it could not account for $10.8 billion. A meeting between the CBN, finance ministry, petroleum ministry and other officials, failed to reconcile that figure.
Mr. Sanusi was later removed from office by President Jonathan in February, accused of “financial recklessness”, in a move many saw as the government’s victimization of a daring whistle-blower.
Under intense pressure, the government announced it was commissioning an independent forensic audit of the NNPC, a government agency that constantly comes under allegations of graft- many of them investigated.
Despite ordering audit firm, PriceWatersCooper, to carry out the probe, the government has insisted no funds were missing.
In a recent televised interview, Mr. Jonathan said if such an amount, nearly the size of Nigeria’s entire budget, was missing, the United States of America, would have known.
The Senate conducted a series on hearings between January and March, to trace the funds.
While the government failed to account for the outstanding $10.8 billion for days, leading to repeated reschedule of the Senate hearing, the NNPC and the petroleum ministry later claimed the money formed part of subsidy payment for petrol and kerosene, and cost for oil pipeline maintenance.
Documents backing those claims took weeks to surface, prompting the finance minister, Ngozi Okonjo-Iweala, who could not vouch for them, to call for a forensic audit.
The outcome of the audit is expected in two months, the minister said recently.
But the Senate committee said Wednesday its own findings proved that Mr. Sanusi’s claims were misleading.
The committee accepted altogether the explanations of the NNPC and the Petroleum Product Pricing Regulatory Agency, PPPRA, saying it could not establish how the figure of US$49.8 billion was arrived at in the first instance.
The lawmakers criticised Mr. Sanusi’s varying figures as showing that his claim was “misleading” and “incorrect”.
The committee also called for the scrapping of fuel subsidy.

Nawa o.

Which senate is this ?

Sanusi said money is missing.

Soludo said money is missing.

The audit firm engaged could not conclude.

Our honourabke SINators think nonmoney is missing.


Issorait

really?

what?

Like seriously?

This story is from may

E no concern me

SMH

na so money dey miss? $20b

we believe every rubbish

midolian:
SMH

You go soon start to they wail".

midolian:
SMH

You go soon start to they wail".

this people want to convince us that the money wasn't missing?! they really think Nigerians are stupid and lacks common sense huh, that's why I despise politics we can type whatever but it doesn't change the game they play for themselves.

And then someone's reputation has been soiled and ruined by one turbanned mallam now parading as an emir. Karma awaits all.

Hmmm

dearpreye:
And then someone's reputation has been soiled and ruined by one turbanned mall now parading as an emir. Karma awaits all.

Haaaaa.

The so called investigation by the senate was done by PDP led senate during Jonathan era.

Op, you are a big fraud to pull out this old link and make it look like new.

Ole.

No money is missing until proved otherwise.

Ghana must go bag must have been given to those silly ugly modafucka senators

Lol..South westerners won't like this

OZAOEKPE:

You go soon start to they wail".

trust me, the senate will soon deny this report.

The news report is from May 28 2014. It's been re-circulated to create nischief.

D stupid emir needs go apologize to all well meaning Nigerians and most especially the people he defamed their character

Cheii. ....nigeria we hail thee.

so why are u hearing of this now?? So they have succeeded in using it for campaign against the former president now they are ready to bring the truth out.

A government that uses these kind of things to campaign can't totally be trusted. that's the problem with BH today. using em as campaign now it's getting worse.

lai mohammed everywhere

Chai, to much story

dy don change mouth!

Bumper to bumper following you.

Anyone in d know already knows that Mrs Alison madueke didn't steal a dime. It's that simple.

Even Akpabio would disagree. What happened to the 7 months revenue generated by NNPC which wasn't remitted to the federation account?

Apshit una don hear