Oby Ezekwesili to Ngozi Okonjo- Iweala via twitter: "We need a detailed breakdown of missing $10.8 Billion that NNPC said it used for XYZZY expenses"

 

                      VS










Former Vice President of the World Bank, Oby Ezekwesili, has taken the Minister of Finance, Ngozi Okonjo-Iweala, and the Nigerian National Petroleum Corporation (NNPC) to task over the sloppy manner the government has handled the issue of the 'missing' $49.8billion oil money. Mr. Sanusi had alleged that the NNPC systematically diverted more than 76 per cent of revenues realised from crude oil sales between January 2012 and July 2013, paying only 24 per cent of the proceeds from crude oil sales within the period into the federation account. Later, at the end of a purported reconciliation meeting with the NNPC and other agencies, the CBN governor and Mrs. Okonjo-Iweala claimed the bulk of the money was not missing, but that about $10.8billion was yet to be accounted for. The NNPC claimed, last week, that the missing $10.8 billion was spent on oil subsidy payments, repairs of vandalized oil pipeline facilities and operational costs. The former minister of education, popularly known as 'Madam Due Process' for her consistent insistence on transparency and accountability, in a series of tweets urged Nigerians to stand up and demand accountability over the matter. Read the twitter below...........




it continues here.........