Missing $20b: I Want The Whole Truth, Says Iweala


Dr. Ngozi Okonjo-Iweala, the  Minister of Finance has demanded to know the whole truth about the alleged missing $20b which the suspended Central Bank Governor, Mallam Sanusi Lamido Sanusi said is missing from the federation account.

The finance ministry released a statement last week Wednesday in which the minister asked for urgent action with regard to an independent forensic audit of conflicting claims of unaccounted funds made by the Nigerian National Petroleum Corporation (NNPC) and suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamdio Sanusi.

Missing $20b i want the whole truth, says iwealaAccordingly, Dr Okonjo Iweala, maintained, “My position on this has been clear from the start. The Ministry of Finance’s reconciliation showed a shortfall of $10.8bn in NNPC remittances to the Federation account. After this, the conflicting claims continued with new figures such as $20bn being mentioned. So since 13th February I have called for an independent forensic audit.

President Goodluck Jonathan indeed announced last night that there will be an investigation into whether there are any funds missing from NNPC. He also indicated that the correct process needs to be followed in this investigation and I understand that the entity that has the proper authority to initiate such an investigation is the Auditor General of the federation. I therefore want to see the truth from an investigation under the auspices of the Auditor General, which in my view should be undertaken as a matter of extreme urgency by independent external auditor.”

However the Minister of Information and National Orientation, Mr. Labaran Maku couldn’t help but mention that the suspended Central Bank of Nigeria, CBN, governor, Sanusi Lamido  made himself a whistle blower as well as a voodoo statistician feeding the country with unsubstantiated figures of missing funds.