Nigerian FG to probe oil sector on Missing $49bn after Arms deal probe

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Minister of Transport, Rotimi Amaechi, on Thursday revealed that the Federal Government will beam its searchlight on the oil sector after the ongoing arms deal probe.

He disclosed this during a round-table discussion organised by the Business Eye in Lagos.

According to Amaechi, the Federal Government would probe the missing $49bn oil revenue, that erstwhile Governor of the Central Bank of Nigeria, Sanusi Lamido, alleged was not remitted into the Federation Account by the Nigerian National Petroleum Corporation, NNPC.


?Even before Sanusi and President Goodluck Jonathan began to quarrel, I had to leak that letter. Sanusi wrote that letter to the President in September, I leaked it sometime in January, and that letter was personal: ?Mr. President, $49bn was missing,? and I got a copy of that letter.

?Instead of the Federal Government to say we are going to address this, they began to debate with the CBN governor and Nigerians joined in the debate. Oh, it is not possible. Now, they have seen that it?s possible,? he said.