An international forensic audit says at least USD 1.48 billion is missing from Nigeria's oil revenues far less than the USD 20 billion alleged by the former Central Bank governor.
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.
