JONATHAN APPROVES SHARING OF RECOVERED $1.48 BILLION BUT SITS ON NNPC AUDIT REPORT

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Petroleum Minister, Diezani Alison-Madueke


Despite dilly-dallying on whether or not to make public the full report of the forensic audit on the operations of the Nigerian National Petroleum Corporation, President Goodluck Jonathan has approved the disbursement of the $1.48 billion (about N249 billion) recovered from the national oil company.
The return of the money by the NNPC is one of the major recommendations of the audit conducted by global firm, PriceWaterHouseCoopers. The full audit report is yet to be made public despite protests by Nigerians including civil society groups and opposition parties.
However, on Tuesday, officials stated that Mr. Jonathan had asked that the money, once returned by the state oil firm, be shared among the tiers of government.
The confirmation of the President’s approval came from both the Minister of State for Finance, Bashir Yuguda, and the Chairman of the Commissioners’ of Finance Forum, Timothy Odaah, who spoke at the end of the February meeting of the Federation Accounts Allocation Committee in Abuja.

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