The Senate is accusing suspended Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi of lying about the $49.8 billion proceeds of crude oil sales he said was misappropriated by NNPC. It said that only $20 billion was missing.
Ahmed Makarfi, Chairman of the Senate Committee on Finance, revealed this yesterday, Vanguard reports.
“There was nothing like unremitted $49.8 billion. All the agencies-CBN, NNPC, Ministry of Finance and the Ministry of Petroleum Resources had agreed after reconciliation meetings that $47 billion out of the $67 billion had been credited to the Federation Account. The amount to be accounted for, therefore was $20 billion,” the committee stated.
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