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Forensic audit for missing $20bn oil money - Govt

09 May 2014, 15:23

Abuja - The Federal Government has directed the Auditor-General of the Federation and Price WaterHouse to undertake forensic auditing of the alleged missing $20 billion oil money.

The Minister of Finance, Dr Ngozi Okonjo-Iweala, said the exercise which started last week, would be carried out within a period of 16 weeks.

According to her, the auditors are to assist in unraveling mysteries surrounding the unaccounted $20 billion.

"We at the ministry of finance have for two years been reconciling these figures with the NNPC to know what they are supposed to remit to the federation account.

"Our feeling is that the only way is to have a forensic audit that would let Nigerians know the truth on the issue.

The suspended Central Bank Governor, Sanusi Lamido Sanusi, had alleged that the Nigerian National Petroleum Corporation (NNPC) had failed to remit $20 billion to government coffer.

-  NAN

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