Missing $20 billion: Jonathan never nailed NNPC – Abati
President Goodluck Jonathan never confirmed that Nigeria’s state owned oil company, NNPC, withheld $10 billion from the Federation Account, the presidency has said.
The spokesperson to Mr. Jonathan, Reuben Abati, said in a statement on Tuesday that media reports that the president confirmed the ‘missing’ funds were untrue.
The NNPC has been enmeshed in allegations of failing to remit $20 billion to the federation account as constitutionally required; money believed to have been stolen. Read more