• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
AFRIPOL

AFRIPOL

  • Home
  • About Us
  • Mission Statement
  • Articles
  • Book Review
  • Archive
  • Contact Us

Okonjo-Iweala on ‘ fund shortfall’, Sanusi and NNPC

February 25, 2014 by Admin Leave a Comment

Sanusi and Dr. Okonjo-Iweala credit:vanguard

The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala and Ministry of Finance have respectively  issued statements on the on-going  allegation of missing funds between the suspended Governor of Central Bank of Nigeria(CBN) and  Nigerian National Petroleum Corporation (NNPC) .

The statement from Nigeria’s ministry of finance reads:

“The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala has 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”.

While the one issued by  Dr Okonjo-Iweala reads:

“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.

“I therefore want to see the truth from an investigation under the auspices of the Auditor-General, which in my view should be undertaken as a matter of extreme urgency by independent external auditor.”

Filed Under: Strategic Research & Analysis

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

More to See

Kemi Badenoch Rejects Her Nigerian Root (video)

August 9, 2025 By AFRIPOL

Peter Obi replies Gov. Soludo: ‘My one-term, four-year vow is sacrosanct’

August 3, 2025 By AFRIPOL

RSS AllAfrica News: Latest

  • Africa: African Union Commission Chairperson Welcomes Passage of Agoa Extension By the U.S. House of Representatives and Appeals for Senate Approval
    [African Union] The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, has welcomed the overwhelming passage by the United States House of Representatives of a three-year extension of the African Growth and Opportunity Act (AGOA).
  • East Africa: Another War in the Horn of Africa Would Be Disastrous for One of the World's Most Repressive Nations
    [The Conversation Africa] The geopolitical temperature is rising in the Red Sea.
  • Nigeria: Paystack Enters Nigerian Banking With Microfinance Acquisition
    [Daba Finance] Paystack, the Nigerian fintech owned by Stripe, has moved into banking with the acquisition of Ladder Microfinance Bank, giving it the ability to hold deposits and lend after a decade focused on payments.
  • Kenya: UK-Kenya Tech Hub Backs New Initiative to Boost Early-Stage Capital
    [Daba Finance] UK-Kenya Tech Hub has partnered with Viktoria Ventures and local ecosystem players to launch Startup 360 Connect, an initiative aimed at strengthening Kenya's early-stage investment pipeline by linking founders, investors, and market access.
  • Kenya: Mamy Eyewear Wins Backing From Japan's Ikemori Venture Support
    [Daba Finance] Kenyan optical retail startup Mamy Eyewear has secured strategic investment from Japan-based family office Ikemori Venture Support as it looks to expand its footprint across East Africa.
  • Uganda: Uganda's Autocratic Political System Is Failing Its People - and Threatens the Region
    [The Conversation Africa] When he was first sworn in as Uganda's president in 1986, Yoweri Museveni declared that his victory represented a "fundamental change". He promised that Ugandans would no longer die at the hands of fellow citizens. He also criticised African leaders who sought international prestige while their people lacked food, healthcare and dignity.

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States
  • Facebook
  • Instagram
  • Twitter
  • YouTube

Archives

Footer

Africa Political and Economic Strategic Center, AFRIPOL is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in Africa. To advocate, promote and encourage free enterprise, democracy, sustainable green environment, human rights, conflict resolutions, transparency and probity in Africa.

Recent

  • Igbo @ Pope’s Vatican Christmas Mass: Igbo becoming a global language of worship (video)
  • Gov Otti AT Okonjo-Iweala’s Son’s Traditional Marriage
  • Ngozi Okonjo-Iweala made the list of Forbes most powerful women
  • ‘I’m very proud of what we export to Nigeria’ – Boris Johnson, former UK prime minister
  • Poem: ‘Obinna’  by Emeka Chiakwelu

Search

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States

Copyright © 2026 · AFRIPOL