Alleged Missing $20 Billion: Okonjo-Iweala Insists On The Whole Truth


The Minister of Finance and Coordinating Minister for the Economy Dr.

Ngozi Okonjo-Iweala 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.

A statement Tuesday from the finance ministry to the BBC, said 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.”

According to the BBC, the direct statement from Dr Okonjo Iweala, said,

“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.