Missing $20bn Oil Revenue is a true story – NNPC

CBN Governor writes to Mr. President alleging that “between January 2012 and July 2013, NNPC lifted 594,024,107 barrels of crude oil valued at $65,332,350,514.57. Out of this amount NNPC

Alison-Madueke, Petroleum Minster
Alison-Madueke, Petroleum Minster

repatriated only $15,528,410,098.77 representing 24% of the value. This means the NNPC is yet to account for, and repatriate to the Federation Account, an amount in excess of $49.8 billion or 76% of the value of oil lifted in the same period.”

September 26, 2013:

Presidency receives CBN Governor’s letter.

September 27, 2013:

P

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