$49.8b NNPC missing fund: CBN gov’s letter a mistake-Ex-NNPC Director

A former Group Executive Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Godwin Ihetu has declared that the Governor of the Central Bank of Nigeria(CBN), Mallam Sanusi Lamido Sanusi made a mistake in writing the letter which indicated that a whopping $50bn was mission form the nation’s oil proceeds.

Ihetu, who addressed newsmen in Lagos stated that the allegation was a mistake which could have been avoided if adequate consultations were made.

Ihetu argued that it is not possible for about $50billion to disappear from oil proceeds adding that the economy would have collapsed.

According to him, “It is practically impossible for $49.8billion to go missing. How much is the Nigerian budget that such huge fund will disappear. If it is true, then the government would have collapsed.”

– See more at: http://www.vanguardngr.com/2013/12/49-8b-nnpc-missing-fund-cbn-govs-letter-mistake-ex-nnpc-director/#sthash.9sISzapQ.dpuf

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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