NNPC Missing Money: The Role Of A Top Bank

$16million out the $20billion allegedly stolen from the coffers of the Nigeria National Petroleum, NNPC by the management of the corporation have reportedly been refunded by the management of one of the top banks in Nigeria due to fear of prosecution by the incoming government. 

According to naij.com, in the eye of the storm is the embattled Minister of Petroleum, Mrs. Deziani Allison-Madueke, has since commenced on a shuttle between Nigeria and abroad.

Until the conclusion of the presidential election, the minster  had allegedly embarked on shenanigans and illegal stunts in an alleged bid to stop the National Assembly from investigating her roles in the missing  funds.

According to a security source who pleaded anonymity, General Abdulsalami Abubakar, Nigeria’s former head of state pleaded with General Buhari not to prosecute the petroleum minister, a situation which led to the refund of $16milion last week, which was allegedly traced to the bank.

Also, the appointment of the CBN governor may not be unconnected to the sordid transactions between the bank and the Jonathan led administration as the CBN governor was once a managing director in the bank.

Allison-Madueke had allegedly masterminded the CBN governor’s appointment and even handpicked him to occupy the post in a bid to cover up her shady deals.

She is said to be on medical tourism outside the country , a situation which sources revealed is a move to stall her arrest after the 29 May hand over.

The Minister of Petroleum Resources, Diezani Alison-Madueke, had sued some individuals and organizations to prevent them from reporting on the controversial missing $20 billion oil money.