House Of Reps Probes Minister Of Finance Over 49.8 Billion Dollars

It appears that the resumption of the House of Representatives is going to be a season of probes for the Minister of Finance and Coordinating Minister of the Economy (CME), Mrs Ngozi Okonjo-Iweala, who the Finance Committee of the House said it will probe over the alleged non-remittance of $10bn to the Federation Account by the Nigeria National Petroleum Corporation (NNPC).

Also to be  investigated by the committee, which last week and over the weekend raised eyebrows over the answers provided to the 50 questions on the state of the economy it handed to the minister last year and the waivers her ministry allegedly granted, is the Nigerian National Petroleum Corporation (NNPC).

Last year,  the Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi hinted that the sum of  $49.8bn was 'missing' but later said only $10 b was unaccounted for..

The committee, led by Hon. Abdulmumini Jibrin, indicated Sunday that it is interested in finding out the true amount of money that was not remitted. A discrepancy of $2 billion became evident after Sanusi and Okonjo-Iweala addressed a joint press conference, where the former reduced the unremitted figures to $12bn and the latter said it is $10 billion.