March 4, 2016 By Sunday Aborisade The Central Bank of Nigeria on Thursday raised the alarm that about $20bn (N3.94tn) was lying idle in different domiciliary accounts of the citizens. The Deputy Governor, Financial System Surveillance, CBN, Dr. Joseph Nnana, stated this during a meeting of the Joint Appropriation Committees […]
Tag: $20 billion
Missing $20 billion: Enough of the blame game
By Charles Onwuatogwu While the controversy over the missing $ 20 billion from the federation accounts as alleged by the Governor of the Central bank of Nigeria, Sanusi Lamido Sanusi, still rages arguments and counter arguments have been raised in respect of the actual sum outstanding. One thing is undisputed […]
Nigeria oil money: ‘$20bn not missing’
Nigeria’s state oil firm has denied an allegation by the central bank chief that it has failed to account for at least $20bn (£12.2bn) of oil revenues. Lamido Sanusi told a senate committee on Tuesday that out of $67bn of oil sold between January 2012 and July 2013, $20bn was […]
