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

Bandits kill village head, abduct others in Kaduna
Crime

570 die in 596 security incidents in July

August 10 2026
Atiku takes early lead in ADC presidential primaries, wins five states
Headlines

Presidency, Atiku in fresh war of words over killings

August 10 2026
FG unveils guards to protect Lagos-Calabar Coastal Highway
Crime

FG unveils guards to protect Lagos-Calabar Coastal Highway

August 9 2026
Nigeria to introduce online tracking system for passport application
Governance

NIS sends passport intervention team to UK

August 9 2026
Islamic cleric sparks fury after endorsing Muslim-Muslim presidential ticket
Headlines

Islamic cleric sparks fury after endorsing Muslim-Muslim presidential ticket

August 9 2026
Atiku flags suspicious credit to bank account
Headlines

Atiku flags suspicious credit to bank account

August 7 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

Federal High Court relocates Lagos division to new complex

Federal High Court relocates Lagos division to new complex

by The Editor
August 6 2026
0

...

Kano Assembly suspends three LG chairmen for alleged misconduct

Kano Assembly suspends three LG chairmen for alleged misconduct

by The Editor
August 4 2026
0

...

NDDC trains traditional birth attendants to reduce maternal, newborn deaths

NDDC trains traditional birth attendants to reduce maternal, newborn deaths

by The Editor
July 29 2026
0

...

Cross River Igbo community alleges illegal taxation, seeks government intervention

Cross River Igbo community alleges illegal taxation, seeks government intervention

by The Editor
July 27 2026
0

...

APPOINTMENTS

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

Katsina governor swears in four permanent secretaries

Katsina governor swears in four permanent secretaries

by The Editor
August 6 2026
0

...

Rivers State not for political war, says Fubara

Gov. Fubara swears in 12 perm secs, urges commitment

by The Editor
July 31 2026
0

...

Tinubu appoints new special adviser on House of Reps matters

Tinubu appoints new special adviser on House of Reps matters

by The Editor
July 27 2026
0

...

ODDITIES

Indimi joins appeal against $43.5m judgement award to daughters

Indimi joins appeal against $43.5m judgement award to daughters

by The Editor
August 6 2026
0

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

by The Editor
July 23 2026
0

75-year-old man bags 10 years jail for defiling minor

75-year-old man bags 10 years jail for defiling minor

by The Editor
July 16 2026
0

GLOBAL NEWS

EU denies pulling out of Nigeria’s 2027 election observation

EU denies pulling out of Nigeria’s 2027 election observation

by The Editor
August 10 2026
0

...

Queen Elizabeth dies at 96, Charles becomes King

UK radio broke rules in announcing king’s death — Official

by The Editor
August 10 2026
0

...

Israel rejects Donald Trump’s plan to end Gaza war

Israel rejects Donald Trump’s plan to end Gaza war

by The Editor
August 9 2026
0

...

Senegal jails three TikTok influencers over posts criticising Pres. Faye

Senegal jails three TikTok influencers over posts criticising Pres. Faye

by The Editor
August 8 2026
0

...

Saudi Arabia, Turkey, Pakistan sign joint defence deal

Saudi Arabia, Turkey, Pakistan sign joint defence deal

by The Editor
August 7 2026
0

...

State of the States

Why Kano govt spent N1.5bn on mass wedding – Gov. Yusuf

Why Kano govt spent N1.5bn on mass wedding – Gov. Yusuf

by The Editor
August 10 2026
0

...

Kebbi governor convenes emergency security meeting

Kebbi governor convenes emergency security meeting

by The Editor
August 6 2026
0

...

Enugu launches ETTW TV to showcase transformation, investment opportunities

Enugu launches ETTW TV to showcase transformation, investment opportunities

by The Editor
July 31 2026
0

...

Lagos to introduce special vehicle number plates for PWDs

Lagos to introduce special vehicle number plates for PWDs

by The Editor
July 29 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Power outages: NERC orders compensation for Band-A customers

NERC dissolves Kaduna Disco board over N456bn debt

August 10 2026
2027: Court sacks Ondo Rep as APC candidate

FG files fresh charge against Abuja doctor over IVF fraud

August 10 2026
Insecurity: Blood of innocent Nigerians will judge you – Atiku tells Tinubu

Atiku challenges Tinubu to explain $20bn Chagoury deals

August 10 2026
EU denies pulling out of Nigeria’s 2027 election observation

EU denies pulling out of Nigeria’s 2027 election observation

August 10 2026

EDITORIAL REVIEW

FG embarks on expansion, decongestion of custodial centres

Prison reform can’t wait any longer – Punch

by The Editor
August 9 2026
0

Osun’s toxic election buildup – Punch

Osun’s toxic election buildup – Punch

by The Editor
August 7 2026
0

We need strong civil aviation authority – Punch

We need strong civil aviation authority – Punch

by The Editor
August 6 2026
0

Nigeria must stop misplaced budgetary allocations – Punch

Nigeria must stop misplaced budgetary allocations – Punch

by The Editor
August 5 2026
0

Kano must curb its drug epidemic – Punch

Kano must curb its drug epidemic – Punch

by The Editor
August 4 2026
0

Opinion

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Tinubu swears in four Permanent Secretaries, INEC commissioner

Tinubu: The Audacity to Hope – Three years after

by The Editor
July 31 2026
0

...

Remi Tinubu under fire over akara, roasted corn remarks

Beyond ‘akara’ leadership

by The Editor
July 6 2026
0

...

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 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.