The report by PricewaterhouseCoopers covering January 2012 to July 2013 is an indictment of the state-owned Nigerian National Petroleum Corp.
President Goodluck Jonathan received what he called the "voluminous" report and promised to publish key findings. A copy of the findings was made available to The Associated Press today.
The auditors also questioned USD 3.38 billion in alleged subsidies for kerosene charged by the petroleum corporation although a presidential directive ended the subsidy in 2009. Jonathan fired Central Bank governor Lamido Sanusi a year ago after Sanusi created a scandal alleging USD 20 billion in oil revenues was missing.
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