The Federation Account Allocation Committee, FAAC, on Monday night constituted a committee to find out the reasons for the delay in the Nigerian National Petroleum Corporation, NNPC to make $1.48bn available to the three tiers of government.
PriceWaterHouse Coopers had in the report of its forensic audit report of the corporation recommended that the NNPC should refund the amount to the Federation Account.
The firm was last year hired to carry out the audit following an allegation by the former Governor of the Central Bank of Nigeria, Lamido Sanusi, that $20bn was not remitted to the Federation Account by the NNPC.
Sanusi, who …Read More
Source:: New Mail
