TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Alleged missing $20bn: Jonathan approves forensic audit of NNPC

The Citizen by The Citizen
March 16 2014
in Governance, Headlines, Uncategorized
A A
0

President Goodluck Jonathan has authorized a forensic audit of the Nigeria National Petroleum Company (NNPC), after weeks of public uproar over an alleged $20 billion in missing state revenues.

The Presidency said on Wednesday that it had authorized the engagement of reputable international firms to carry out the audit.

It, however, did not give details of the firms.

The government made this disclosure in a statement issued by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, in reaction to the claim by the suspended Governor of the Central Bank of Nigeria (CBN), Mr. Lamido Sanusi, that his decision to expose corruption in the management of oil revenue led to his travails.

It said Sanusi’s suspension had nothing to do with an attempt to cover up his allegation that funds due to the Federation Account were unaccounted for by the NNPC.

It described the various statements credited to the suspended CBN governor in the media lately as cheap blackmail and attempts to incite the public against the Federal Government.

The Presidency said it was unfortunate that instead of trying to provide reasonable response to the query on his official conduct as the governor of the central bank, Sanusi had chosen to whip up public sympathy for himself and anger against the government in recent press interviews.

The statement read, “We have noted with disappointment the unrelenting attempt by the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, to falsely portray his recent suspension from office as an attempt by the Presidency to bury his allegation that huge sums of money due to the Federation Account are unaccounted for by the Nigerian National Petroleum Corporation.

“The Presidency wishes to reaffirm that Sanusi’s suspension has absolutely nothing to do with his unproven and inconsistent claim that $49.8bn, $12bn or $20bn is missing from the national treasury.

“As was clearly stated in the letter suspending him from office and confirmed by President Goodluck Jonathan in his last Presidential Media Chat, Mallam Sanusi’s suspension was wholly based on the need for him to step aside, while the weighty charges of financial recklessness, gross misconduct and persistent disregard for laid down rules and regulations in the management of the central bank made against him by the Financial Reporting Council of Nigeria and others are properly investigated.

“It is most unfortunate that instead of trying to provide some reasonable response to the clear and unambiguous query of his official conduct as governor of the central bank, Mallam Sanusi has cynically chosen to whip up public sympathy for himself and anger against the Federal Government by deliberately misleading unwary Nigerians and the international community into believing the falsehood that he is being punished for exposing corruption.

“In recent days, the suspended CBN governor has, following in the footsteps of others who have an axe to grind with the government, taken to spreading his false claims and allegations through gullible foreign media correspondents, telling them, among other things, that his threat to force commercial banks to open up their books to unravel the whereabouts of the ‘missing’ funds, whether $49.8bn, $12bn, or $20bn, ultimately led to his suspension.

“He also continues to make the mischievous claim that the government is somehow involved in a scam to divert huge sums of money from the Federation Account through the misappropriation of kerosene subsidy funds.

“Mallam Sanusi’s allegations are patently untrue. But government is making no effort to bury them as he falsely claims. Relevant committees of the National Assembly are still investigating the claims and the suspended CBN governor remains free to give evidence before them in support of his allegations.

“Furthermore, in keeping with its avowed commitment to full transparency, openness and accountability in governmental affairs, the Federal Government has authorised the engagement of reputable international firms for the recommended forensic audit of the NNPC accounts.”

 

Previous Post

NIRP offers a new opportunity for Nigeria’s industrial development – THE CITIZEN

Next Post

Northern Elders reject national confab, declare conference illegitimate

Related Posts

South East Assemblies back state police, warn against political abuse
Governance

South East Assemblies back state police, warn against political abuse

October 22 2026
Hardship: NEC endorses 90-day plan to ease cost of living
Headlines

Hardship: NEC endorses 90-day plan to ease cost of living

October 22 2026
Nigeria replaces theory-heavy agric education with 80% practical training
Governance

Nigeria replaces theory-heavy agric education with 80% practical training

October 22 2026
Ebola: Reps demand immediate release of health emergency funds
Headlines

Ebola: FG, states on alert as infected diplomat suffers organ failure

October 22 2026
Student loans voluntary, not compulsory for tertiary students — NELFUND
Governance

Student loans voluntary, not compulsory for tertiary students — NELFUND

October 21 2026
Ebola: Reps demand immediate release of health emergency funds
Headlines

Ebola: Reps demand immediate release of health emergency funds

October 21 2026
Next Post

Northern Elders reject national confab, declare conference illegitimate

FG moves to privatise roads, airports, seaports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

APPOINTMENTS

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

ODDITIES

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

US engineer caught on camera poisoning colleague’s water bottle

US engineer caught on camera poisoning colleague’s water bottle

by The Editor
October 12 2026
0

Newly-wed pastor steps back from ministry after apologising over past affairs

Newly-wed pastor steps back from ministry after apologising over past affairs

by The Editor
October 6 2026
0

GLOBAL NEWS

Coup: Russia warns ECOWAS, others against Niger intervention threats

Putin agrees to resume tri-lateral peace talks with Ukraine, US in November

by The Editor
October 22 2026
0

...

US orders diplomats, families to leave Saudi Arabia amid deadly attacks

US orders diplomats, families to leave Saudi Arabia amid deadly attacks

by The Editor
October 22 2026
0

...

Nigeria assesses risk as Ebola kills three in Guinea

Ebola: US issues health advisory to citizens in Nigeria

by The Editor
October 21 2026
0

...

Court finds Kenyan cult leader guilty over 191 starvation deaths

Court finds Kenyan cult leader guilty over 191 starvation deaths

by The Editor
October 20 2026
0

...

Nigeria: Pope Leo XIV urges release of abductees from terrorists’ den

Pope Leo’s lung surgery successful — Vatican

by The Editor
October 13 2026
0

...

State of the States

Gombe confirms cholera outbreak, treats 74 patients

Gombe confirms cholera outbreak, treats 74 patients

by The Editor
October 21 2026
0

...

Ogun pensioners demand gratuities, pension increases

Ogun pensioners demand gratuities, pension increases

by The Editor
October 9 2026
0

...

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police begin training of 10,000 officers for 2027 polls

Police begin training of 10,000 officers for 2027 polls

October 22 2026
South East Assemblies back state police, warn against political abuse

South East Assemblies back state police, warn against political abuse

October 22 2026
Tinubu’s reforms made every Nigerian poorer, says Obasanjo

Tinubu’s reforms made every Nigerian poorer, says Obasanjo

October 22 2026
Hardship: NEC endorses 90-day plan to ease cost of living

Hardship: NEC endorses 90-day plan to ease cost of living

October 22 2026

EDITORIAL REVIEW

Nigeria’s inflation rate falls to 15.43% in July

Economic stability must become shared prosperity – Punch

by The Editor
October 22 2026
0

Nigeria’s vote-buying scourge – Punch

Nigeria’s vote-buying scourge – Punch

by The Editor
October 21 2026
0

Perils of LG Electoral Commission – Punch

Yes, voters, not courts, must decide elections – Punch

by The Editor
October 20 2026
0

Tariff hike: Electricity workers lock out minister, issue 14-day ultimatum

Don’t involve civil servants in politics – Punch

by The Editor
October 16 2026
0

Kano, Sokoto, others spend N53.2bn on scholarships abroad

Kano, Borno spreading tyranny – Punch

by The Editor
October 13 2026
0

Opinion

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 2026
0

...

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.