The Nigerian National Petroleum Corporation (NNPC) has been heavily indicted by the PriceWaterHouseCoopers that conducted a forensic audit on the missing $20 billion oil money.
Consequently, the NNPC and its subsidiary, the Nigerian Petroleum Development Company (NPDC), have been directed to refund the sum of $1.48bn into the Federation Account.
The Auditor General of the Federation, Samuel Ukura, released the report on Thursday in line with the directive of President Goodluck Jonathan.
Prompt News recalls that President Jonathan had while receiving the audit report on Monday, promised to make it public
A former Governor of the Central Bank of Nigeria, (CBN) Lamido Sanusi Lamido, now the emir of Kano, had raised the alarm that whopping $49 billion that was later pruned down to $20 billion was missing from the Federation coffers.
The controversy over the missing money attracted the Senate which also probed the money and later a forensic audit was ordered.
