Business NNPC Lying about Kerosene Subsidy,Its all a Scam- Sanusi

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abujagirl

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Mr. Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, CBN, on Tuesday accused the Nigerian National Petroleum Corporation, NNPC, of lying about paying for kerosene subsidy with part of the missing $20billion.

Addressing the Senate Investigative Public Hearing on un-remitted oil revenue in Abuja, Sanusi insisted
that the sum of $20 billion was unremitted to the Federation Account by the NNPC, between January 2012 and July 2013.

He dared the NNPC to provide proof that the $20 billion unremitted either did not belong to the Federation or was legally and constitutionally spent.

Sanusi also produced evidence showing that former President Yar’Adua had issued a presidential directive eliminating subsidy payment on kerosene as from July 2009.

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