Okonjo Iweala;We will make NNPC account for missing $10.8bn oil revenue

Minister for Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala has said that the ministry will make sure that the Nigeria National Petroleum Corporation, NNPC, accounts for the missing $10.8 billion oil revenue.
She spoke, Sunday, in Lagos at a session with the South South Professionals, adding that it was her job to ensure that every money belonging to the Federal Government goes into the Federation Account.
The Minister said that the ministry played the right role in the case of the missing oil money raised by the Central Bank Governor, Mallam Lamido Sanusi, by helping to reconcile the revenue shortfall, to the outstanding balance of $10.8 billion.
Okonjo-Iweala, however, said that although she was not the supervising minister for petroleum, "as Coordinating Minister, I am to bring the other ministers together to resolve issues.

"It is not my duty to do the job of other ministers, but to bring them together to resolve issues.

"We have the Federation Allocation Accounts Committee, FAAC, which is chaired by the Minister of State for Finance, with state commissioners for finance, NNPC, and FIRS as members.

"Whenever there is a case of revenue questions we turn to the FIRS and NNPC for explanations, and we don't need to make noise about it on the pages of newspapers.


Details...vanguard news