The Governor, Central Bank of Nigeria, Mr. Lamido
Sanusi, on Tuesday said the Nigerian National Petroleum Corporation had yet to
remit to the Federation Account $20bn out of the $67bn it realised from crude
oil sale on behalf of the Federal Government.
Sanusi, who stated this when he appeared before
the Senate Committee on Finance currently investigating the alleged
non-remittance, also explained that he had submitted a 20-page document
backed up with another 30-page appendix to prove his point.
The CBN boss told the Senator Ahmed Makarfi-led
committee that certain level of reconciliation had been achieved from the
meetings the bank had with the NNPC and other relevant agencies since the
allegation of the unremitted funds became a public issue.
But the Group Managing Director, NNPC, Mr. Andrew
Yakubu, told journalists after the meeting that the corporation was still
reconciling its accounts and that it was currently at the point of conclusion
of the reconciliation process with the various agencies.
He said it was at the end of it that he would
submit the detailed reconciled position, which the committee would study and
then review in details.
“That is where we are and what we reported is the
true position of things; we are at the point of concluding our reconciliation,
and as you are aware, the major chunk of the amount in question, over 80 per
cent of it is in the subsidy for both PMS and kerosene,” Yakubu said.
http://www.punchng.com/news/nnpc-cannot-account-for-20bn-sanusi-insists/
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