When oil iS found in Guyana

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Nehru

EXPECT THIS TO HAPPEN!!!

Nigeria’s oil revenues of US$16 billion missing – in massive scam

March 15, 2016 10:34 am A+ / A-

(BBC) Nigeria’s state-owned oil firm failed to transfer US$16bn to the treasury in 2014, the government says.

An audit of the Nigeria National Petroleum Corporation (NNPC) showed the amount was withheld without any explanation. This could be the biggest fraud discovery yet. The NNPC is yet to react to the allegation.

A similar allegation made two years ago by then-central bank governor Sanusi Lamido Sanusi led to him being sacked by the former government.

He had accused the oil company of failing to remit US$20bn, higher than the present amount.

Nigeria is Africa's biggest oil producer

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Former Member

Be it PPP or PNC the same will happen to some degree depending on how well we prepare and anticipate the misuse based on what we know from others. The APNU proposed a sovereign fund strategy but that is no panacea.

3/15/161:49 PM

Billy Ram BalgobinBilly

Be prepared to claim your Barrel. Be prepared to Bribe for Your Barrel.

3/15/161:59 PM

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Nigeria’s oil revenues of US$16 billion missing – in massive scam

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