N49.8b: Senate report clears NNPC, Deziani, says no money missing


The Senate Committee on Finance which investigated the NNPC over allegations of fraud leveled against it by the suspended Governor of the Central Bank, Mallam Lamido Sanusi, today Wednesday May 28th submitted its report to the Senate saying no funds were missing, The Will Nigeria reports.

Sanusi had spuriously claimed in a leaked letter to President Goodluck that $49.8 billion in crude oil revenue was missing.

The detailed report according to sources at the Senate also cleared the NNPC and the Ministry of Petroleum of any wrong doing.

The report however directed the NNPC and the Ministry of Finance as well as other relevant agencies to reconcile a sum believed to be around $300 million dollars.

THEWILL can also report that the Senate said the suspended Governor of the Central Bank was hasty and got his figures wrong.

The report further recommended the immediate passage of the Petroleum Industry Bill (PIB) as the Minister of Petroleum, Mrs. Deziani Allison-Madueke continues to sanitise the industry.

The Senate Committee on Finance is under the chairmanship of Senator Ahmed Mohammed Makarfi (Kaduna PDP).  The committee took about 5 months to complete its assignment.

Source: The Will Nigeria 


  1. Wat a country, dos old men must hv bn bribed, NOI said money was missin n nw a committee of less dn 10 pple r sayin ntin is missin….wat a country…

  2. We all know that Sanuso was playing a game For twenty billion naira to be lost in transit in todays world is just not possible

  3. The fact stil remains that,things are still not in order.
    How can you say a whole $49.8b not one forty-naira is missing and later said it’s not mising again.Money that is enough to transform my hometown to be like Lagos or Abuja.
    If truely that is the case it means we put incompetent hands and idiots people in charge of a sensitive position.
    But something still tells me that some people are just trying to outsmart Nigerians but can they?
    it’s just a matter of time God will soon reveals his mightyness!

  4. What a mess,today we re celebrating demo or demon but what ve we achieved?its so ironical for dem to say de money that was missing is no longer missing.


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