Lagos - The federal government have set up a committee to uncover how the Nigerian National Petroleum Corporation (NNPC) spent N3.8 trillion in three years, reports The Nation
The four man committee is made up of; Governors Adams Oshiomhole (Edo), Ibrahim Dankwambo (Gombe), Udom Emmanuel (Akwa Ibom) and Nasir El-Rufai (Kaduna).
The probe into NNPC’s missing money was announced by Governor Oshiomhole on Monday to State House correspondents after the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
He was accompanied by the Chairman of the Nigeria Governors’ Forum and Zamfara State Governor Abdulaziz Yari, Kaduna State El-Rufai and Emmanuel.
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He said that the reports NNPC in a report said that N8.1 trillion was generated from oil sales during but only N4.3 trillion was remitted to the Federation Account by NNPC, Oshiomhole said.
He also disclosed that former Minister of Finance Ngozi Okonjo-Iweala spent $2.1 billion from the Excess Crude Account without approval between November last year and May 2015.
Read more at The Nation