The Minister of Petroleum resources Alison Madueke disclosed yesterday that the Nigerian National Petroleum Corporation has began transfer of the remitted $1.48 billion to the Federation account as recommended by the audit carried out by PriceWaterHouse Cooper.
Speaking to the state house news correspondent on Wednesday at the presidential villa after the weekly Federal Executive Council Meeting, denied approaching highly place persons in Nigeria to escape corruption prosecution from incoming Buhari's Administration.
She said “The PriceWaterHouse Coopers forensic audit that was done few weeks ago in his recommendation mentioned that $1.48bn was owed by the NPDC for a block that had hitherto been assigned from the NNPC to the NPDC which is its subsidiary.
“They felt that the right process would be that the NPDC will refund that money to the Federation Account. The NPDC has apparently started those refunds and it is also in discussion with the NNPC and the DPR on same. So the refund has actually began.”
She denied the sum was missing but transfer by NNPC to NPDC and also denied seeking soft landing through some prominent Nigerian from the Buhari incoming government
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