Tag Archives: Missing 20 Billion

I Pity Nigerians For Voting APC, Asari Dokubo’s Wife Speaks On Missing $20 Billion Probe

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Asari Dokubo’s wife has reacted bitterly to the president-elect’s plan to investigate a missing $20billion. The wife of the former Niger Delta warlord took to her Facebook page to react bitterly to Buhari’s decision to investigate the missing $20billion Nigerian National Petroleum Corporation funds allegedly looted by the present administration and his petroleum minister Diezani Alison-Madueke.

Here’s what Hajia Mujahidat Daba Dokubo-Asari wrote on her Facebook page:

“Buhari wants to probe the poported missing 20 billion as his no 1 priority .Well i pity for Nigerians who thinks Buhari is the change they looking for . like i have always said it, that this man Buhari is very vindictive and will waste his tenor as president to fight his perceived enemies . i pity Nigerians for voting Apc cos the future looks very bleak, time shall tell.”

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Missing $20 Billion: NNPC Refuses To Pay Recovered $1.48bn, States Begin Probe

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Members of the Federation Account Allocation Committee rose from a late meeting Monday night with a resolution to probe the circumstances surrounding the delay by the Nigerian National Petroleum Corporation to remit to government the $1.48 billion (N294.5 billion) uncovered by a recent forensic audit.

The forensic audit conducted by the audit firm of PriceWaterHouseCoopers on behalf of the Federal Government on the operations of the NNPC had indicted the management of the national oil company for various questionable transactions.

The audit followed an allegation that the NNPC had failed to account for $20 billion oil money. The audit only found $1.48 billion was missing, the Nigerian government said, after releasing some details of the report. The government has refused to make the full report public.

Part of the recommendations in the report said the Nigerian Petroleum Development Company, NPDC, the upstream subsidiary of the NNPC, should refund the $1.48 billion to the Federation Account.

But, months after the Auditor General of the Federation, Samuel Ukura, who presented extracts of the report, asked thw NNPC to remit the funds, FAAC said no money has been paid.

Consequently, during the meeting for the month of March, FAAC constituted a ministerial committee to investigate the circumstances behind the delay.

The Chairman, Forum of Finance Commissioners of FAAC, Timothy Odaah, told reporters after the meeting on Monday that the committee was worried that the delay was negatively impacting the revenue available for distribution among the tiers of government.

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Missing $20bn: Alison-Madueke Sues APC, Premium Times, 9 others

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Minister of Petroleum Resources, Diezani Alison-Madueke, has sued premium times and 10 other individuals and organizations to restrain them from further reporting on the controversial missing $20billion oil money involving the Nigerian National Petroleum Corporation, NNPC.

In an application before Justice AFA Ademola of the Federal High Court, Abuja, Mrs. Alison-Madueke’s lawyer, Godwin Obla, from Obla & Co., sought and obtained an interim injunction restraining PREMIUM TIMES and 10 others from “publishing or causing to be published any further defamatory statements” stating or suggesting that the minister “stole, misappropriate or colluded in the stealing of $20billion crude oil revenue”.

Read More: premiumtimesng