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Progress made with CBN over alleged missing $49.8bn

18 December 2013, 06:42

Abuja - Farouk Ibrahim of NNPC says that some progress has been achieved in the reconciliation meeting between the corporation and Central Bank of Nigeria (CBN) over allegations that 49.8 billion dollars was missing.

Ibrahim, the General Manager (Public Affairs) in NNPC, who said this on Tuesday while speaking with the News Agency of Nigeria (NAN) in Abuja, however, said that meeting was still underway.

NAN reports that the meeting was convened, following the order of the Presidency to probe allegations that 49.8 billion dollars oil revenue between January 2012 and July 2013 was purportedly missing.

Ibrahim expressed the hope that the reconciliation meeting would end positively, while unravelling the mystery behind the controversy.

The meeting, which was chaired by Dandali Kifasi, the Permanent Secretary of the Ministry of Petroleum Resources, was attended by officials from the CBN as well as the ministries of finance and petroleum resources.

Others in attendance were representatives from the Federal Inland Revenue Service, the Department of Petroleum Resources, the Budget Office, the NNPC and some presidential aides.

-    NAN

Tags cbn nnpc abuja

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