House of Representatives Committee on Public Accounts has summoned the Accountant-General of the Federation, Mr Jonah Otunla, the Central Bank of Nigeria, CBN, and the Budget Office to explain how the sum of N59.6 billion subsidy money meant for Nigeria National Petroleum Corporation, NNPC, allegedly got missing.
The money, which the Budget Office and Accountant-General’s office claimed was disbursed to NNPC, was not received by the corporation.
At the hearing yesterday, officials of the NNPC told members of the committee that all attempts to make the Budget Office and AGF do a formal letter that the said N59.6 billion was not cash backed failed.
Chairman of the committee, Rep Olamilekan Adeola said, “What you are telling this committee is that at no point in time you received any money and that it was not cash backed.
“You will do us a formal letter explaining to the committee that at no time you received N59.6 billion, but Deliotte Accounting firm, in its report, claimed that the fund was disbursed.”
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