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Thursday, 12 December 2013

$49.8bn oil revenue Missing, Governor of CBN warns President Goodluck Jonathan

The Central Bank of Nigeria has eyeballed against the politicisation of the alleged diverted revenue of $49.8bn by the Nigerian National Petroluem Corporation.

The Governor of the CBN, Mr. Lamido Sanusi, had written to President Goodluck Jonathan to complain about the failure of the NNPC to remit the said amount to the Federation Account in contravention of extant laws.

The complaints are contained in the letter to the President dated September 25, 2013.

Although the corporation on Tuesday denied the claims that it diverted the said amount, adding that the allegation by the CBN governor was borne out of misunderstanding of the workings of the oil and gas industry and the modality for remitting crude oil sales revenue into the Federation Account.

“The CBN will neither confirm nor deny the existence of such a letter and considers any discussions on the alleged letter to be inappropriate.”



this week appears to be a letter reading week for Mr. President..,Before its too late, Olusegun Obasanjo and now $49.8bn oil revenue diversion,  Governor of  CBN, Mr. Lamido Sanusi

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