Business NNPC says it spent alleged missing $10.8bn - Tribune

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AMIDST the controversy over the exit date of the Central Bank Governor, Sanusi Lamido Sanusi, the Nigerian National Petroleum Corporation (NNPC) has disclosed that the alleged missing $10.8 billion was actually money it had spent, declaring that it has authority to incur the expenditure.

Addressing a press conference on Friday in Abuja, Mr Bernard Otti, the Group Executive Director, Finance and Accounts of the corporation, expressed surprise that despite clarification, misconception still trailed the reconciliation of accounts with the Central Bank of Nigeria.

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Source: Tribune Newspaper
 
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